Envestnet Asset Management Inc. Purchases 570 Shares of VanEck Oil Services ETF $OIH

Envestnet Asset Management Inc. boosted its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 30.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,433 shares of the company’s stock after buying an additional 570 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of VanEck Oil Services ETF worth $560,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of VanEck Oil Services ETF by 13.2% during the 1st quarter. Royal Bank of Canada now owns 86,776 shares of the company’s stock worth $22,747,000 after acquiring an additional 10,093 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in VanEck Oil Services ETF in the first quarter worth $6,741,000. Twin Tree Management LP raised its stake in VanEck Oil Services ETF by 811.1% during the second quarter. Twin Tree Management LP now owns 23,342 shares of the company’s stock valued at $5,375,000 after purchasing an additional 20,780 shares in the last quarter. Raymond James Financial Inc. lifted its position in VanEck Oil Services ETF by 14.6% during the first quarter. Raymond James Financial Inc. now owns 13,130 shares of the company’s stock valued at $3,442,000 after purchasing an additional 1,675 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in VanEck Oil Services ETF by 26.1% during the first quarter. Baird Financial Group Inc. now owns 12,334 shares of the company’s stock valued at $3,233,000 after purchasing an additional 2,555 shares during the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Stock Up 0.6%

VanEck Oil Services ETF stock opened at $282.61 on Tuesday. The company’s 50-day moving average price is $269.87 and its 200-day moving average price is $250.15. The company has a market cap of $1.12 billion, a PE ratio of 10.97 and a beta of 1.16. VanEck Oil Services ETF has a twelve month low of $191.21 and a twelve 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.