Cambridge Investment Research Advisors Inc. Boosts Stake in VanEck Oil Services ETF (NYSEARCA:OIH)

Cambridge Investment Research Advisors Inc. raised its position in VanEck Oil Services ETF (NYSEARCA:OIH) by 3.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,132 shares of the company’s stock after buying an additional 156 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.10% of VanEck Oil Services ETF worth $1,083,000 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. bought a new position in shares of VanEck Oil Services ETF during the fourth quarter worth about $27,000. Raymond James Financial Inc. bought a new position in shares of VanEck Oil Services ETF during the fourth quarter worth about $3,107,000. PNC Financial Services Group Inc. lifted its position in shares of VanEck Oil Services ETF by 46.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $234,000 after purchasing an additional 275 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of VanEck Oil Services ETF by 64.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 102 shares of the company’s stock worth $28,000 after purchasing an additional 40 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of VanEck Oil Services ETF by 64.6% during the fourth quarter. Farther Finance Advisors LLC now owns 130 shares of the company’s stock worth $35,000 after purchasing an additional 51 shares during the last quarter. 94.50% of the stock is owned by hedge funds and other institutional investors.

VanEck Oil Services ETF Stock Performance

Shares of OIH stock opened at $241.58 on Friday. VanEck Oil Services ETF has a one year low of $191.21 and a one year high of $340.19. The company’s 50-day simple moving average is $228.17 and its 200-day simple moving average is $248.93. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 10.97 and a beta of 1.99.

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.