Shares of VanEck Oil Services ETF (NYSEARCA:OIH – Get Free Report) saw strong trading volume on Friday . 567,419 shares changed hands during mid-day trading, an increase of 76% from the previous session’s volume of 322,666 shares.The stock last traded at $279.07 and had previously closed at $279.80.
VanEck Oil Services ETF Price Performance
The stock’s 50-day moving average price is $286.31 and its 200 day moving average price is $293.96. The firm has a market capitalization of $1.74 billion, a PE ratio of 18.96 and a beta of 0.81.
Hedge Funds Weigh In On VanEck Oil Services ETF
Several institutional investors have recently bought and sold shares of OIH. First Personal Financial Services purchased a new stake in shares of VanEck Oil Services ETF during the third quarter valued at about $29,000. NBC Securities Inc. lifted its position in VanEck Oil Services ETF by 100.0% during the third quarter. NBC Securities Inc. now owns 150 shares of the company’s stock valued at $42,000 after acquiring an additional 75 shares during the last quarter. SilverOak Wealth Management LLC boosted its stake in VanEck Oil Services ETF by 9.7% in the third quarter. SilverOak Wealth Management LLC now owns 738 shares of the company’s stock valued at $209,000 after acquiring an additional 65 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in VanEck Oil Services ETF in the second quarter worth $223,000. Finally, National Wealth Management Group LLC grew its holdings in VanEck Oil Services ETF by 8.1% in the third quarter. National Wealth Management Group LLC now owns 857 shares of the company’s stock worth $243,000 after purchasing an additional 64 shares during the last quarter.
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.
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