Ameriprise Financial Inc. Has $4.12 Million Stock Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Ameriprise Financial Inc. decreased its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,181 shares of the company’s stock after selling 2,202 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.24% of VanEck Oil Services ETF worth $4,118,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in VanEck Oil Services ETF by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock worth $284,561,000 after buying an additional 154,738 shares during the period. Commonwealth Equity Services LLC lifted its holdings in VanEck Oil Services ETF by 301.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 26,731 shares of the company’s stock valued at $7,250,000 after purchasing an additional 20,075 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in VanEck Oil Services ETF by 106.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 29,103 shares of the company’s stock valued at $7,894,000 after purchasing an additional 15,039 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of VanEck Oil Services ETF in the fourth quarter valued at about $3,107,000. Finally, Quantessence Capital LLC acquired a new position in VanEck Oil Services ETF during the 4th quarter worth $2,197,000.

VanEck Oil Services ETF Stock Up 0.1%

Shares of OIH stock opened at $216.26 on Monday. The firm has a market cap of $951.54 million, a price-to-earnings ratio of 9.97 and a beta of 1.21. The stock has a 50-day moving average price of $226.90 and a 200 day moving average price of $261.42. VanEck Oil Services ETF has a 12 month low of $191.21 and a 12 month high of $340.19.

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.