Golden State Wealth Management LLC Acquires 563 Shares of VanEck Oil Services ETF (NYSEARCA:OIH)

Golden State Wealth Management LLC lifted its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 99.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,128 shares of the company’s stock after purchasing an additional 563 shares during the quarter. Golden State Wealth Management LLC’s holdings in VanEck Oil Services ETF were worth $297,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of VanEck Oil Services ETF during the fourth quarter worth approximately $27,000. NBC Securities Inc. bought a new position in shares of VanEck Oil Services ETF during the first quarter worth approximately $26,000. Focus Partners Wealth bought a new position in shares of VanEck Oil Services ETF during the fourth quarter worth approximately $213,000. Avantax Advisory Services Inc. increased its holdings in shares of VanEck Oil Services ETF by 26.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 4,040 shares of the company’s stock worth $1,096,000 after purchasing an additional 846 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of VanEck Oil Services ETF by 285.7% during the first quarter. SG Americas Securities LLC now owns 6,977 shares of the company’s stock worth $1,829,000 after purchasing an additional 5,168 shares during the period. 94.50% of the stock is owned by institutional investors.

VanEck Oil Services ETF Trading Down 0.2%

Shares of OIH opened at $231.17 on Friday. The firm’s 50 day moving average is $225.67 and its 200-day moving average is $250.61. The stock has a market capitalization of $924.91 million, a PE ratio of 10.97 and a beta of 1.99. VanEck Oil Services ETF has a 12 month low of $191.21 and a 12 month high of $340.19.

VanEck Oil Services ETF 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.