Centaurus Financial Inc. Grows Stock Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Centaurus Financial Inc. raised its holdings in VanEck Oil Services ETF (NYSEARCA:OIH) by 22.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,839 shares of the company’s stock after buying an additional 2,180 shares during the quarter. Centaurus Financial Inc. owned about 0.15% of VanEck Oil Services ETF worth $3,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in VanEck Oil Services ETF by 535.7% in the first quarter. PNC Financial Services Group Inc. now owns 89 shares of the company’s stock valued at $25,000 after buying an additional 75 shares during the last quarter. Blair William & Co. IL raised its stake in shares of VanEck Oil Services ETF by 179.5% in the first quarter. Blair William & Co. IL now owns 109 shares of the company’s stock worth $30,000 after purchasing an additional 70 shares during the last quarter. HighMark Wealth Management LLC raised its stake in shares of VanEck Oil Services ETF by 47.1% in the first quarter. HighMark Wealth Management LLC now owns 125 shares of the company’s stock worth $35,000 after purchasing an additional 40 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of VanEck Oil Services ETF in the fourth quarter worth about $50,000. Finally, Spire Wealth Management raised its stake in shares of VanEck Oil Services ETF by 91.3% in the first quarter. Spire Wealth Management now owns 176 shares of the company’s stock worth $49,000 after purchasing an additional 84 shares during the last quarter.

VanEck Oil Services ETF Stock Down 2.1 %

Shares of NYSEARCA:OIH opened at $354.58 on Thursday. VanEck Oil Services ETF has a 52-week low of $198.59 and a 52-week high of $364.08. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 19.88 and a beta of 1.99. The business has a 50-day moving average price of $337.00 and a 200-day moving average price of $297.66.

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.