Janney Montgomery Scott LLC Lowers Stock Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Janney Montgomery Scott LLC lessened its holdings in VanEck Oil Services ETF (NYSEARCA:OIH) by 12.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,115 shares of the company’s stock after selling 1,157 shares during the period. Janney Montgomery Scott LLC owned about 0.13% of VanEck Oil Services ETF worth $2,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. NBC Securities Inc. lifted its position in shares of VanEck Oil Services ETF by 100.0% in the third quarter. NBC Securities Inc. now owns 150 shares of the company’s stock valued at $42,000 after acquiring an additional 75 shares in the last quarter. International Assets Investment Management LLC purchased a new position in VanEck Oil Services ETF in the 2nd quarter valued at $57,000. Riverview Trust Co acquired a new stake in VanEck Oil Services ETF during the 2nd quarter worth $62,000. Headlands Technologies LLC purchased a new stake in shares of VanEck Oil Services ETF during the first quarter worth $94,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of VanEck Oil Services ETF in the second quarter valued at about $223,000.

VanEck Oil Services ETF Trading Down 0.9 %

NYSEARCA:OIH opened at $302.07 on Wednesday. The company has a market cap of $1.89 billion, a P/E ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a twelve month low of $262.18 and a twelve month high of $353.25. The company’s 50-day moving average price is $284.66 and its 200-day moving average price is $302.70.

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.