VanEck Oil Services ETF (NYSEARCA:OIH) Holdings Cut by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 80.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,622 shares of the company’s stock after selling 6,493 shares during the quarter. Janney Montgomery Scott LLC’s holdings in VanEck Oil Services ETF were worth $440,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of OIH. JPMorgan Chase & Co. boosted its holdings in VanEck Oil Services ETF by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock valued at $284,561,000 after purchasing an additional 154,738 shares during the period. Citigroup Inc. lifted its holdings in VanEck Oil Services ETF by 1,946.8% during the 3rd quarter. Citigroup Inc. now owns 288,356 shares of the company’s stock valued at $81,809,000 after purchasing an additional 274,268 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in VanEck Oil Services ETF by 154.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 127,000 shares of the company’s stock valued at $36,031,000 after purchasing an additional 77,000 shares during the last quarter. Hollow Brook Wealth Management LLC lifted its holdings in VanEck Oil Services ETF by 4.1% during the 3rd quarter. Hollow Brook Wealth Management LLC now owns 23,448 shares of the company’s stock valued at $6,652,000 after purchasing an additional 916 shares during the last quarter. Finally, Floyd Financial Group LLC bought a new position in VanEck Oil Services ETF during the 4th quarter valued at about $5,925,000.

VanEck Oil Services ETF Trading Down 0.5 %

OIH opened at $275.44 on Monday. The stock has a market capitalization of $1.72 billion, a PE ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a 1-year low of $257.78 and a 1-year high of $353.25. The firm has a 50-day moving average price of $281.63 and a two-hundred day moving average price of $289.44.

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.