Janney Montgomery Scott LLC Sells 290 Shares of VanEck Oil Services ETF (NYSEARCA:OIH)

Janney Montgomery Scott LLC lowered its position in VanEck Oil Services ETF (NYSEARCA:OIH) by 17.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,332 shares of the company’s stock after selling 290 shares during the period. Janney Montgomery Scott LLC’s holdings in VanEck Oil Services ETF were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in OIH. SBI Securities Co. Ltd. bought a new stake in VanEck Oil Services ETF in the fourth quarter worth about $27,000. Raymond James Financial Inc. bought a new stake in VanEck Oil Services ETF in the fourth quarter worth about $3,107,000. PNC Financial Services Group Inc. lifted its stake in VanEck Oil Services ETF by 46.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $234,000 after purchasing an additional 275 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in VanEck Oil Services ETF by 64.5% in the fourth 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. Finally, Farther Finance Advisors LLC lifted its stake in VanEck Oil Services ETF by 64.6% in the fourth quarter. Farther Finance Advisors LLC now owns 130 shares of the company’s stock worth $35,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Price Performance

Shares of NYSEARCA OIH opened at $241.58 on Friday. The company has a market cap of $1.00 billion, a P/E ratio of 10.97 and a beta of 1.99. The firm has a 50-day simple moving average of $228.17 and a two-hundred day simple moving average of $249.05. VanEck Oil Services ETF has a 1 year low of $191.21 and a 1 year high of $340.19.

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.