Arkadios Wealth Advisors Invests $341,000 in VanEck Oil Services ETF (NYSEARCA:OIH)

Arkadios Wealth Advisors acquired a new position in VanEck Oil Services ETF (NYSEARCA:OIH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,080 shares of the company’s stock, valued at approximately $341,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in VanEck Oil Services ETF in the second quarter worth about $62,000. Headlands Technologies LLC acquired a new stake in VanEck Oil Services ETF in the 1st quarter worth approximately $94,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in VanEck Oil Services ETF during the 4th quarter worth approximately $110,000. Northwest Financial Advisors acquired a new position in VanEck Oil Services ETF during the 4th quarter valued at approximately $138,000. Finally, Essex Financial Services Inc. purchased a new position in shares of VanEck Oil Services ETF in the first quarter worth $200,000.

VanEck Oil Services ETF Price Performance

Shares of OIH opened at $298.50 on Friday. The company’s fifty day moving average price is $311.65 and its 200-day moving average price is $315.41. VanEck Oil Services ETF has a 1-year low of $278.63 and a 1-year high of $364.08. The firm has a market capitalization of $1.87 billion, a PE ratio of 18.96 and a beta of 0.81.

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.