LPL Financial LLC reduced its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,299 shares of the company’s stock after selling 1,655 shares during the period. LPL Financial LLC owned about 1.70% of VanEck Oil Services ETF worth $18,689,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in VanEck Oil Services ETF in the first quarter valued at $26,000. Park Square Financial Group LLC acquired a new position in shares of VanEck Oil Services ETF during the 4th quarter worth about $54,000. Mpwm Advisory Solutions LLC purchased a new position in shares of VanEck Oil Services ETF in the 4th quarter valued at about $71,000. Aptus Capital Advisors LLC acquired a new stake in shares of VanEck Oil Services ETF during the 4th quarter worth about $73,000. Finally, TD Waterhouse Canada Inc. raised its holdings in VanEck Oil Services ETF by 349.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 481 shares of the company’s stock worth $130,000 after purchasing an additional 374 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.
VanEck Oil Services ETF Price Performance
NYSEARCA OIH opened at $241.99 on Wednesday. The firm’s fifty day moving average price is $238.21 and its 200 day moving average price is $244.03. VanEck Oil Services ETF has a 12 month low of $191.21 and a 12 month high of $311.28. The company has a market capitalization of $968.20 million, 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.
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