B. Riley Wealth Advisors Inc. Cuts Position in VanEck Oil Services ETF $OIH

B. Riley Wealth Advisors Inc. reduced its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 24.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,054 shares of the company’s stock after selling 6,331 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.48% of VanEck Oil Services ETF worth $4,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OIH. MTM Investment Management LLC purchased a new position in shares of VanEck Oil Services ETF in the 2nd quarter worth approximately $27,000. Qube Research & Technologies Ltd acquired a new stake in VanEck Oil Services ETF in the second quarter valued at approximately $53,000. Lowe Wealth Advisors LLC grew its holdings in VanEck Oil Services ETF by 200.0% in the third quarter. Lowe Wealth Advisors LLC now owns 399 shares of the company’s stock worth $104,000 after purchasing an additional 266 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in VanEck Oil Services ETF in the second quarter worth $208,000. Finally, Accredited Investor Services LLC acquired a new position in shares of VanEck Oil Services ETF during the third quarter worth $209,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Key VanEck Oil Services ETF News

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Heightened Middle East tensions after U.S. President’s “armada” comments pushed oil prices higher, a development that typically boosts demand for oilfield services and supports OIH holdings. Oil prices rebound after Trump comments ‘armada’ moving to Iran spur supply worries
• Positive Sentiment: Baker Hughes reported U.S. drillers added oil and gas rigs this week (first rise in three weeks), signaling incremental activity that benefits oil-field services revenue and equipment demand. US drillers add oil and gas rigs for first time in three weeks, Baker Hughes says
• Positive Sentiment: First naphtha cargo arrived to Venezuela under the recent U.S.-Venezuela oil arrangement; restarting heavy-oil processing can revive field operations and logistics work that benefit service providers. US naphtha begin arriving in Venezuela to reanimate heavy oil output, ship data showed
• Positive Sentiment: Sector commentary notes oil-field services stocks (including OIH components) have rallied through January as market participants price a recovery in activity and Venezuelan opportunities. This bullish sentiment supports fund inflows into OIH. Venezuela Opportunity Emerges as Oil Services Stocks Rally Through January
• Neutral Sentiment: India says it will seek better oil deals as Russian imports slow — could shift global trade flows but impact on U.S. oil-services demand is uncertain. India eyes better oil deals as Russian imports slow, minister says
• Neutral Sentiment: Explainers on Strait of Hormuz and U.S. control of Iraq/Venezuela oil revenues highlight geopolitical leverage and risks — important context for longer-term price volatility but not an immediate service-demand signal. What is the Strait of Hormuz and why is it so important for oil?
• Neutral Sentiment: Mexico is weighing whether to stop oil shipments to Cuba amid concerns about U.S. retaliation — an unfolding policy decision with limited direct impact on U.S. oil services unless it broadens into wider trade action. Exclusive: Mexico weighs stopping oil shipments to Cuba amid concerns of Trump retaliation, sources say
• Negative Sentiment: Rising inventories and technical resistance (WTI stalling at the 200-day MA) point to near-term price pressure; weaker oil prices can reduce immediate capex and service-intense activity. Oil News: Crude Oil Futures Stall at 200-Day MA on Rising Inventory, Easing Risk
• Negative Sentiment: The U.S. indicated China may be allowed to buy Venezuelan oil (with price limits), which can increase available supply and weigh on prices — a headwind for short-term oil-service demand. US allows China to purchase Venezuelan oil but not at ‘undercut’ prices of Maduro days, official says

VanEck Oil Services ETF Trading Down 0.5%

Shares of OIH opened at $339.90 on Monday. The firm has a market cap of $1.75 billion, a PE ratio of 10.97 and a beta of 1.16. VanEck Oil Services ETF has a 12 month low of $191.21 and a 12 month high of $353.00. The stock has a fifty day moving average price of $299.80 and a 200-day moving average price of $271.96.

VanEck Oil Services ETF Profile

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.