Titleist Asset Management LLC purchased a new stake in VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 7,564 shares of the company’s stock, valued at approximately $2,052,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of OIH. Envestnet Asset Management Inc. lifted its position in shares of VanEck Oil Services ETF by 97.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,625 shares of the company’s stock valued at $441,000 after acquiring an additional 804 shares during the period. Nomura Asset Management Co. Ltd. acquired a new position in shares of VanEck Oil Services ETF during the fourth quarter valued at about $597,000. LPL Financial LLC boosted its position in shares of VanEck Oil Services ETF by 0.7% during the 4th quarter. LPL Financial LLC now owns 72,954 shares of the company’s stock worth $19,787,000 after purchasing an additional 509 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of VanEck Oil Services ETF in the 4th quarter valued at about $62,000. Finally, Lee Danner & Bass Inc. increased its position in VanEck Oil Services ETF by 2.5% in the 4th quarter. Lee Danner & Bass Inc. now owns 8,748 shares of the company’s stock valued at $2,373,000 after buying an additional 210 shares in the last quarter.
VanEck Oil Services ETF Stock Down 12.3 %
NYSEARCA OIH opened at $207.77 on Friday. VanEck Oil Services ETF has a 52 week low of $204.54 and a 52 week high of $353.25. The business has a 50 day moving average price of $265.95 and a 200-day moving average price of $279.54. The company has a market cap of $986.91 million, a price-to-earnings ratio of 12.26 and a beta of 1.35.
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.
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