PNC Financial Services Group Inc. Boosts Stock Position in VanEck Oil Services ETF (NYSEARCA:OIH)

PNC Financial Services Group Inc. grew its holdings in VanEck Oil Services ETF (NYSEARCA:OIH) by 46.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 863 shares of the company’s stock after buying an additional 275 shares during the quarter. PNC Financial Services Group Inc.’s holdings in VanEck Oil Services ETF were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Citigroup Inc. boosted its stake in shares of VanEck Oil Services ETF by 1,946.8% in the third quarter. Citigroup Inc. now owns 288,356 shares of the company’s stock worth $81,809,000 after acquiring an additional 274,268 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of VanEck Oil Services ETF in the fourth quarter worth approximately $47,194,000. JPMorgan Chase & Co. boosted its stake in shares of VanEck Oil Services ETF by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock worth $284,561,000 after acquiring an additional 154,738 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of VanEck Oil Services ETF by 154.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 127,000 shares of the company’s stock worth $36,031,000 after acquiring an additional 77,000 shares during the last quarter. Finally, Floyd Financial Group LLC acquired a new stake in shares of VanEck Oil Services ETF in the fourth quarter worth approximately $5,925,000.

VanEck Oil Services ETF Price Performance

Shares of NYSEARCA:OIH opened at $259.00 on Friday. The business’s 50 day moving average price is $273.32 and its 200-day moving average price is $280.87. The firm has a market capitalization of $1.22 billion, a PE ratio of 11.70 and a beta of 1.72. VanEck Oil Services ETF has a 1 year low of $241.01 and a 1 year high of $353.25.

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.