Envestnet Portfolio Solutions Inc. Raises Stock Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Envestnet Portfolio Solutions Inc. boosted its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 866 shares of the company’s stock after acquiring an additional 133 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in VanEck Oil Services ETF were worth $235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of VanEck Oil Services ETF by 64.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 102 shares of the company’s stock worth $28,000 after purchasing an additional 40 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of VanEck Oil Services ETF by 64.6% during the 4th quarter. Farther Finance Advisors LLC now owns 130 shares of the company’s stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Global Retirement Partners LLC grew its position in VanEck Oil Services ETF by 3.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,587 shares of the company’s stock worth $430,000 after buying an additional 56 shares during the last quarter. Bourgeon Capital Management LLC grew its holdings in shares of 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 worth $531,000 after acquiring an additional 83 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of VanEck Oil Services ETF during the fourth quarter valued at approximately $27,000.

VanEck Oil Services ETF Trading Down 1.3 %

Shares of VanEck Oil Services ETF stock opened at $261.36 on Friday. The stock has a 50-day moving average price of $270.59 and a 200 day moving average price of $280.40. The company has a market cap of $1.23 billion, a P/E ratio of 11.70 and a beta of 1.72. VanEck Oil Services ETF has a 1 year low of $241.01 and a 1 year 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.