Prasad Wealth Partners LLC Makes New Investment in VanEck Oil Services ETF (NYSEARCA:OIH)

Prasad Wealth Partners LLC acquired a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,027 shares of the company’s stock, valued at approximately $279,000.

Several other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of VanEck Oil Services ETF by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock valued at $284,561,000 after acquiring an additional 154,738 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of VanEck Oil Services ETF during the third quarter worth $312,000. Thrivent Financial for Lutherans lifted its holdings in shares of VanEck Oil Services ETF by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 8,213 shares of the company’s stock valued at $2,330,000 after purchasing an additional 103 shares during the last quarter. Mirador Capital Partners LP boosted its position in shares of VanEck Oil Services ETF by 1.6% in the 4th quarter. Mirador Capital Partners LP now owns 8,774 shares of the company’s stock valued at $2,380,000 after purchasing an additional 139 shares during the period. Finally, Global Retirement Partners LLC increased its stake in VanEck Oil Services ETF by 3.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,587 shares of the company’s stock worth $430,000 after purchasing an additional 56 shares in the last quarter.

VanEck Oil Services ETF Stock Performance

Shares of NYSEARCA:OIH opened at $271.51 on Tuesday. The firm has a 50 day simple moving average of $279.48 and a 200 day simple moving average of $286.65. VanEck Oil Services ETF has a 52 week low of $257.78 and a 52 week high of $353.25. The company has a market cap of $1.70 billion, a PE ratio of 18.96 and a beta of 0.81.

About VanEck Oil Services ETF

The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.