Mirae Asset Global Investments Co. Ltd. Invests $3.64 Million in VanEck Oil Services ETF (NYSEARCA:OIH)

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,750 shares of the company’s stock, valued at approximately $3,637,000.

Several other hedge funds also recently modified their holdings of OIH. Laurel Wealth Advisors Inc. grew its stake in VanEck Oil Services ETF by 0.8% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 4,962 shares of the company’s stock valued at $1,402,000 after buying an additional 40 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in VanEck Oil Services ETF by 1.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,013 shares of the company’s stock valued at $1,730,000 after buying an additional 55 shares during the last quarter. Gradient Investments LLC grew its stake in VanEck Oil Services ETF by 42.6% in the 3rd quarter. Gradient Investments LLC now owns 201 shares of the company’s stock valued at $69,000 after buying an additional 60 shares during the last quarter. Blair William & Co. IL grew its stake in VanEck Oil Services ETF by 179.5% in the 1st quarter. Blair William & Co. IL now owns 109 shares of the company’s stock valued at $30,000 after buying an additional 70 shares during the last quarter. Finally, Prosperity Wealth Management Inc. grew its stake in VanEck Oil Services ETF by 6.6% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 1,209 shares of the company’s stock valued at $417,000 after buying an additional 75 shares during the last quarter.

VanEck Oil Services ETF Price Performance

Shares of VanEck Oil Services ETF stock opened at $325.31 on Wednesday. VanEck Oil Services ETF has a fifty-two week low of $246.04 and a fifty-two week high of $364.08. The firm has a fifty day moving average price of $317.15 and a two-hundred day moving average price of $314.61. The company has a market cap of $2.16 billion, a PE ratio of 20.26 and a beta of 0.86.

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.