Raymond James Financial Inc. Purchases New Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Raymond James Financial Inc. acquired a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,455 shares of the company’s stock, valued at approximately $3,107,000. Raymond James Financial Inc. owned approximately 0.18% of VanEck Oil Services ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP boosted its stake in shares of VanEck Oil Services ETF by 634.3% during the 3rd quarter. Quantbot Technologies LP now owns 5,801 shares of the company’s stock worth $1,646,000 after acquiring an additional 5,011 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in VanEck Oil Services ETF during the third quarter valued at approximately $577,000. Flow Traders U.S. LLC raised its position in shares of VanEck Oil Services ETF by 657.5% in the third quarter. Flow Traders U.S. LLC now owns 7,711 shares of the company’s stock valued at $2,188,000 after purchasing an additional 6,693 shares during the period. Atom Investors LP acquired a new stake in shares of VanEck Oil Services ETF in the third quarter worth $1,350,000. Finally, Hollow Brook Wealth Management LLC boosted its holdings in shares of VanEck Oil Services ETF by 4.1% during the 3rd quarter. Hollow Brook Wealth Management LLC now owns 23,448 shares of the company’s stock worth $6,652,000 after buying an additional 916 shares during the period.

VanEck Oil Services ETF Stock Performance

NYSEARCA OIH opened at $261.36 on Friday. The stock has a 50-day simple moving average of $270.59 and a 200 day simple moving average of $280.40. VanEck Oil Services ETF has a twelve month low of $241.01 and a twelve month high of $353.25. The stock has a market capitalization of $1.23 billion, a PE ratio of 11.70 and a beta of 1.72.

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.