Belpointe Asset Management LLC trimmed its position in VanEck Oil Services ETF (NYSEARCA:OIH – Get Rating) by 53.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,166 shares of the company’s stock after selling 1,318 shares during the period. Belpointe Asset Management LLC’s holdings in VanEck Oil Services ETF were worth $355,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of OIH. Two Sigma Investments LP increased its stake in shares of VanEck Oil Services ETF by 345.7% in the third quarter. Two Sigma Investments LP now owns 80,813 shares of the company’s stock valued at $17,069,000 after buying an additional 62,683 shares during the period. Clearbridge Investments LLC bought a new position in shares of VanEck Oil Services ETF in the 1st quarter worth about $16,894,000. FengHe Fund Management Pte. Ltd. bought a new stake in shares of VanEck Oil Services ETF during the 4th quarter valued at about $10,459,000. Price T Rowe Associates Inc. MD grew its stake in VanEck Oil Services ETF by 30.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 140,629 shares of the company’s stock worth $32,710,000 after purchasing an additional 32,738 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in VanEck Oil Services ETF in the third quarter worth approximately $6,303,000.
VanEck Oil Services ETF Stock Performance
VanEck Oil Services ETF stock opened at $253.00 on Monday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 19.88 and a beta of 1.99. VanEck Oil Services ETF has a 52-week low of $195.77 and a 52-week high of $336.30. The stock’s 50 day moving average price is $276.88 and its two-hundred day moving average price is $297.28.
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.
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