The Manufacturers Life Insurance Company Trims Holdings in VanEck Oil Services ETF (NYSEARCA:OIH)

The Manufacturers Life Insurance Company lowered its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,185 shares of the company’s stock after selling 248 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in VanEck Oil Services ETF were worth $691,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of VanEck Oil Services ETF during the 2nd quarter worth $57,000. Riverview Trust Co acquired a new stake in shares of VanEck Oil Services ETF during the 2nd quarter worth about $62,000. Headlands Technologies LLC purchased a new position in shares of VanEck Oil Services ETF during the 1st quarter worth about $94,000. Benin Management CORP purchased a new position in VanEck Oil Services ETF in the first quarter valued at approximately $202,000. Finally, Pettinga Financial Advisors LLC purchased a new position in VanEck Oil Services ETF in the first quarter valued at approximately $214,000.

VanEck Oil Services ETF Stock Performance

NYSEARCA OIH opened at $295.12 on Tuesday. The company’s 50 day moving average price is $290.93 and its 200 day moving average price is $310.00. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a one year low of $262.18 and a one year high of $354.44.

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.