Ted Buchan & Co Invests $1.03 Million in VanEck Oil Services ETF (NYSEARCA:OIH)

Ted Buchan & Co bought a new stake in VanEck Oil Services ETF (NYSEARCA:OIH) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,242 shares of the company’s stock, valued at approximately $1,025,000. Ted Buchan & Co owned approximately 0.05% of VanEck Oil Services ETF at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of VanEck Oil Services ETF in the second quarter valued at $57,000. Riverview Trust Co acquired a new position in shares of VanEck Oil Services ETF in the second quarter valued at $62,000. Headlands Technologies LLC acquired a new position in shares of VanEck Oil Services ETF in the first quarter valued at $94,000. Benin Management CORP acquired a new position in shares of VanEck Oil Services ETF in the first quarter valued at $202,000. Finally, Pettinga Financial Advisors LLC acquired a new position in shares of VanEck Oil Services ETF in the first quarter valued at $214,000.

VanEck Oil Services ETF Trading Up 0.3 %

Shares of NYSEARCA OIH opened at $283.71 on Tuesday. The business has a fifty day simple moving average of $297.34 and a 200 day simple moving average of $312.77. VanEck Oil Services ETF has a one year low of $262.18 and a one year high of $354.44. The firm has a market capitalization of $1.77 billion, a price-to-earnings 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.