Wells Fargo & Company MN lessened its stake in VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 21.1% in the 4th quarter, Holdings Channel reports. The firm owned 746,291 shares of the company’s stock after selling 199,103 shares during the period. Wells Fargo & Company MN owned about 0.12% of VanEck Oil Services ETF worth $202,416,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OIH. SBI Securities Co. Ltd. acquired a new stake in shares of VanEck Oil Services ETF during the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC increased its stake in VanEck Oil Services ETF by 64.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 102 shares of the company’s stock worth $28,000 after buying an additional 40 shares during the period. Farther Finance Advisors LLC lifted its holdings in VanEck Oil Services ETF by 64.6% during the 4th quarter. Farther Finance Advisors LLC now owns 130 shares of the company’s stock worth $35,000 after buying an additional 51 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in VanEck Oil Services ETF in the 4th quarter valued at approximately $62,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of VanEck Oil Services ETF in the fourth quarter worth $153,000.
VanEck Oil Services ETF Trading Down 12.3 %
Shares of NYSEARCA OIH opened at $207.77 on Friday. The stock has a market cap of $986.91 million, a P/E ratio of 12.26 and a beta of 1.35. The business’s fifty day simple moving average is $265.95 and its 200-day simple moving average is $279.54. VanEck Oil Services ETF has a 12-month low of $204.54 and a 12-month high of $353.25.
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.
Read More
- Five stocks we like better than VanEck Oil Services ETF
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Conagra Stock Could Thrive as Tariffs Hit Other Sectors
- Upcoming IPO Stock Lockup Period, Explained
- Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds
- How to Capture the Benefits of Dividend Increases
- Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?
Want to see what other hedge funds are holding OIH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Oil Services ETF (NYSEARCA:OIH – Free Report).
Receive News & Ratings for VanEck Oil Services ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Oil Services ETF and related companies with MarketBeat.com's FREE daily email newsletter.
