US Bancorp DE trimmed its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 43.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 97 shares of the company’s stock after selling 74 shares during the quarter. US Bancorp DE’s holdings in VanEck Oil Services ETF were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OIH. Comerica Bank raised its stake in shares of VanEck Oil Services ETF by 10.8% in the 1st quarter. Comerica Bank now owns 1,802 shares of the company’s stock valued at $606,000 after buying an additional 176 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in VanEck Oil Services ETF in the second quarter valued at about $2,489,000. Price T Rowe Associates Inc. MD raised its position in VanEck Oil Services ETF by 6.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 160,512 shares of the company’s stock worth $53,986,000 after purchasing an additional 10,358 shares in the last quarter. DRW Securities LLC lifted its stake in VanEck Oil Services ETF by 297.3% during the second quarter. DRW Securities LLC now owns 4,323 shares of the company’s stock worth $1,367,000 after purchasing an additional 3,235 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in VanEck Oil Services ETF during the second quarter valued at approximately $275,000.
VanEck Oil Services ETF Trading Up 1.2 %
OIH stock opened at $295.48 on Tuesday. VanEck Oil Services ETF has a 1-year low of $262.18 and a 1-year high of $353.25. The business’s 50 day moving average is $286.02 and its 200-day moving average is $302.10. The firm has a market cap of $1.85 billion, a P/E ratio of 18.96 and a beta of 0.81.
VanEck Oil Services ETF Company 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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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).
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