DRW Securities LLC raised its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 297.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,323 shares of the company’s stock after buying an additional 3,235 shares during the quarter. DRW Securities LLC owned about 0.07% of VanEck Oil Services ETF worth $1,367,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in OIH. Beacon Pointe Advisors LLC increased its position in shares of VanEck Oil Services ETF by 14.4% during the fourth quarter. Beacon Pointe Advisors LLC now owns 872 shares of the company’s stock valued at $270,000 after acquiring an additional 110 shares in the last quarter. Corient Private Wealth LLC bought a new stake in shares of VanEck Oil Services ETF in the 4th quarter worth $566,000. Advisory Services Network LLC purchased a new position in shares of VanEck Oil Services ETF in the fourth quarter worth $799,000. Focus Financial Network Inc. ADV purchased a new position in shares of VanEck Oil Services ETF in the fourth quarter worth $494,000. Finally, Solidarity Wealth LLC lifted its holdings in shares of VanEck Oil Services ETF by 5.7% during the fourth quarter. Solidarity Wealth LLC now owns 9,858 shares of the company’s stock valued at $3,051,000 after purchasing an additional 531 shares in the last quarter.
VanEck Oil Services ETF Stock Down 0.0 %
Shares of NYSEARCA OIH opened at $290.89 on Monday. The firm’s 50-day moving average price is $301.89 and its 200-day moving average price is $313.72. VanEck Oil Services ETF has a 52-week low of $262.18 and a 52-week high of $359.55. The company has a market cap of $1.82 billion, a PE 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.
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