Focus Financial Network Inc. Sells 1,499 Shares of VanEck Oil Services ETF $OIH

Focus Financial Network Inc. decreased its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 58.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,077 shares of the company’s stock after selling 1,499 shares during the quarter. Focus Financial Network Inc.’s holdings in VanEck Oil Services ETF were worth $248,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OIH. Lowe Wealth Advisors LLC acquired a new position in VanEck Oil Services ETF in the 2nd quarter valued at approximately $31,000. Signature Estate & Investment Advisors LLC bought a new position in VanEck Oil Services ETF in the 1st quarter valued at $364,000. Jones Financial Companies Lllp bought a new position in VanEck Oil Services ETF in the 1st quarter valued at $6,741,000. NewEdge Advisors LLC boosted its position in VanEck Oil Services ETF by 30.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,629 shares of the company’s stock valued at $689,000 after buying an additional 614 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of VanEck Oil Services ETF by 13.2% in the 1st quarter. Royal Bank of Canada now owns 86,776 shares of the company’s stock worth $22,747,000 after purchasing an additional 10,093 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Stock Down 1.5%

NYSEARCA:OIH opened at $254.52 on Monday. The stock’s fifty day simple moving average is $246.94 and its 200-day simple moving average is $237.43. The firm has a market capitalization of $1.02 billion, a P/E ratio of 10.97 and a beta of 1.99. VanEck Oil Services ETF has a 12-month low of $191.21 and a 12-month high of $311.28.

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.