VanEck Oil Services ETF (NYSEARCA:OIH) Stock Position Lowered by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 33.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,185 shares of the company’s stock after selling 585 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in VanEck Oil Services ETF were worth $321,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OIH. Custom Index Systems LLC acquired a new position in VanEck Oil Services ETF in the 4th quarter valued at $433,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in VanEck Oil Services ETF in the 4th quarter valued at $47,194,000. Bourgeon Capital Management LLC boosted its holdings in VanEck Oil Services ETF by 4.4% in the 4th quarter. Bourgeon Capital Management LLC now owns 1,957 shares of the company’s stock valued at $531,000 after purchasing an additional 83 shares during the period. BigSur Wealth Management LLC boosted its holdings in VanEck Oil Services ETF by 18.1% in the 4th quarter. BigSur Wealth Management LLC now owns 5,878 shares of the company’s stock valued at $1,594,000 after purchasing an additional 900 shares during the period. Finally, BFI Infinity Ltd. bought a new stake in VanEck Oil Services ETF in the 4th quarter valued at $446,000.

VanEck Oil Services ETF Stock Performance

NYSEARCA:OIH opened at $280.02 on Friday. The company has a 50-day moving average of $280.20 and a 200-day moving average of $287.80. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a 52 week low of $257.78 and a 52 week high of $353.25.

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.