VanEck Oil Services ETF (NYSEARCA:OIH) Shares Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. raised its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 32.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,240 shares of the company’s stock after acquiring an additional 305 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in VanEck Oil Services ETF were worth $392,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of VanEck Oil Services ETF during the second quarter worth $57,000. Riverview Trust Co acquired a new position in shares of VanEck Oil Services ETF during the second quarter worth $62,000. Headlands Technologies LLC acquired a new position in shares of VanEck Oil Services ETF during the first quarter worth $94,000. Benin Management CORP acquired a new position in shares of VanEck Oil Services ETF during the first quarter worth $202,000. Finally, Pettinga Financial Advisors LLC acquired a new position in shares of VanEck Oil Services ETF during the first quarter worth $214,000.

VanEck Oil Services ETF Trading Up 3.2 %

NYSEARCA OIH opened at $285.93 on Wednesday. The company’s fifty day simple moving average is $303.38 and its 200-day simple moving average is $314.02. VanEck Oil Services ETF has a 52 week low of $262.18 and a 52 week high of $363.21. The stock has a market cap of $1.79 billion, a P/E ratio of 18.96 and a beta of 0.81.

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.