Pettinga Financial Advisors LLC Takes $214,000 Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Pettinga Financial Advisors LLC bought a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 635 shares of the company’s stock, valued at approximately $214,000.

Other large investors also recently modified their holdings of the company. Kingsview Wealth Management LLC acquired a new stake in shares of VanEck Oil Services ETF during the fourth quarter valued at about $281,000. Financial Advocates Investment Management acquired a new position in VanEck Oil Services ETF in the fourth quarter worth about $7,341,000. Oak Family Advisors LLC acquired a new position in VanEck Oil Services ETF in the fourth quarter worth about $918,000. Envestnet Portfolio Solutions Inc. acquired a new position in VanEck Oil Services ETF in the third quarter worth about $307,000. Finally, International Assets Investment Management LLC acquired a new position in VanEck Oil Services ETF in the fourth quarter worth about $13,125,000.

VanEck Oil Services ETF Stock Performance

NYSEARCA:OIH opened at $316.18 on Monday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a one year low of $278.00 and a one year high of $364.08. The stock has a 50-day simple moving average of $314.79 and a 200 day simple moving average of $311.80.

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.