VanEck Oil Services ETF (NYSEARCA:OIH) Shares Acquired by Gendell Jeffrey L

Gendell Jeffrey L boosted its position in VanEck Oil Services ETF (NYSEARCA:OIHFree Report) by 384.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 278,500 shares of the company’s stock after purchasing an additional 221,000 shares during the quarter. VanEck Oil Services ETF comprises 4.7% of Gendell Jeffrey L’s holdings, making the stock its 4th biggest position. Gendell Jeffrey L owned approximately 3.74% of VanEck Oil Services ETF worth $86,201,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Ancora Advisors LLC grew its position in VanEck Oil Services ETF by 655.6% during the third quarter. Ancora Advisors LLC now owns 136 shares of the company’s stock valued at $47,000 after purchasing an additional 118 shares in the last quarter. Pacific Capital Wealth Advisors Inc. bought a new stake in VanEck Oil Services ETF in the 4th quarter valued at $110,000. Northwest Financial Advisors bought a new stake in shares of VanEck Oil Services ETF in the 4th quarter worth about $138,000. Gradient Investments LLC lifted its position in VanEck Oil Services ETF by 188.1% during the 4th quarter. Gradient Investments LLC now owns 579 shares of the company’s stock worth $179,000 after buying an additional 378 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in VanEck Oil Services ETF by 566.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 593 shares of the company’s stock valued at $205,000 after purchasing an additional 504 shares during the period.

VanEck Oil Services ETF Stock Performance

NYSEARCA OIH traded down $6.69 during trading hours on Thursday, reaching $303.86. 248,367 shares of the company’s stock were exchanged, compared to its average volume of 389,598. VanEck Oil Services ETF has a one year low of $262.75 and a one year high of $364.08. The company’s 50-day moving average is $321.72 and its two-hundred day moving average is $311.55. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81.

About VanEck Oil Services ETF

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for VanEck Oil Services ETF (NYSEARCA:OIH)

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