Element Capital Management LLC lessened its stake in VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 78.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,393 shares of the company’s stock after selling 8,567 shares during the period. VanEck Oil Services ETF makes up approximately 6.4% of Element Capital Management LLC’s holdings, making the stock its 3rd biggest holding. Element Capital Management LLC’s holdings in VanEck Oil Services ETF were worth $649,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of VanEck Oil Services ETF in the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its stake in shares of VanEck Oil Services ETF by 64.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 102 shares of the company’s stock valued at $28,000 after purchasing an additional 40 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of VanEck Oil Services ETF by 64.6% in the 4th quarter. Farther Finance Advisors LLC now owns 130 shares of the company’s stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in VanEck Oil Services ETF during the fourth quarter worth about $153,000. Finally, IFP Advisors Inc raised its stake in VanEck Oil Services ETF by 39.3% during the fourth quarter. IFP Advisors Inc now owns 709 shares of the company’s stock worth $192,000 after acquiring an additional 200 shares during the period.
VanEck Oil Services ETF Stock Up 1.1 %
OIH opened at $260.88 on Thursday. VanEck Oil Services ETF has a fifty-two week low of $241.01 and a fifty-two week high of $353.25. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 11.70 and a beta of 1.72. The company’s 50-day moving average price is $274.08 and its 200 day moving average price is $281.32.
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.
Further Reading
- Five stocks we like better than VanEck Oil Services ETF
- Using the MarketBeat Dividend Tax Calculator
- What GTC 2025 Signals for NVIDIA Stock’s Next Big Move
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Alphabet’s Officially In A Bear Market—Time To Buy?
- Stock Market Sectors: What Are They and How Many Are There?
- D-Wave and Quantum Supremacy: Implications For Investors
Want to see what other hedge funds are holding OIH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Oil Services ETF (NYSEARCA:OIH – Free Report).
Receive News & Ratings for VanEck Oil Services ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Oil Services ETF and related companies with MarketBeat.com's FREE daily email newsletter.
