iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Reaches New 12-Month High – What’s Next?

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.46 and last traded at $32.46, with a volume of 120500 shares traded. The stock had previously closed at $31.52.

iShares U.S. Oil Equipment & Services ETF Price Performance

The business has a fifty day moving average price of $29.56 and a 200 day moving average price of $25.59. The company has a market capitalization of $539.08 million, a price-to-earnings ratio of 11.67 and a beta of 0.91.

Institutional Trading of iShares U.S. Oil Equipment & Services ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IEZ. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the 4th quarter worth approximately $35,000. Advisors Preferred LLC bought a new stake in iShares U.S. Oil Equipment & Services ETF during the first quarter worth approximately $40,000. Sunbelt Securities Inc. lifted its position in iShares U.S. Oil Equipment & Services ETF by 198.3% in the first quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock worth $202,000 after purchasing an additional 4,634 shares during the period. Ameriprise Financial Inc. lifted its position in iShares U.S. Oil Equipment & Services ETF by 25.7% in the second quarter. Ameriprise Financial Inc. now owns 53,762 shares of the company’s stock worth $912,000 after purchasing an additional 10,994 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in iShares U.S. Oil Equipment & Services ETF by 46.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock valued at $2,849,000 after purchasing an additional 47,000 shares in the last quarter.

iShares U.S. Oil Equipment & Services ETF Company Profile

iShares U.S. Oil Equipment & Services ETF (the Fund), formerly iShares Dow Jones U.S. Oil Equipment & Services Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Equipment & Services Index (the Index). The Index measures the performance of the oil equipment and services sector of the United States equity market, and includes companies that are suppliers of equipment or services to oil fields and offshore platforms, such as drilling, exploration, engineering, logistics, seismic information services and platform construction.