VanEck Oil Services ETF (NYSEARCA:OIH) Stake Lowered by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,286 shares of the company’s stock after selling 9,394 shares during the period. Cetera Investment Advisers owned about 1.57% of VanEck Oil Services ETF worth $31,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Gendell Jeffrey L increased its position in VanEck Oil Services ETF by 384.3% in the 4th quarter. Gendell Jeffrey L now owns 278,500 shares of the company’s stock worth $86,201,000 after purchasing an additional 221,000 shares during the last quarter. Jane Street Group LLC grew its stake in shares of VanEck Oil Services ETF by 1,219.9% in the 1st quarter. Jane Street Group LLC now owns 131,307 shares of the company’s stock valued at $44,162,000 after buying an additional 121,359 shares in the last quarter. Caxton Associates LP acquired a new position in VanEck Oil Services ETF in the first quarter worth approximately $10,665,000. Tower Research Capital LLC TRC raised its position in VanEck Oil Services ETF by 128.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 39,165 shares of the company’s stock valued at $12,122,000 after acquiring an additional 21,995 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in VanEck Oil Services ETF in the first quarter valued at approximately $4,058,000.

VanEck Oil Services ETF Stock Up 0.5 %

OIH stock opened at $292.05 on Thursday. The firm has a 50 day moving average of $295.19 and a two-hundred day moving average of $312.12. VanEck Oil Services ETF has a 12 month low of $262.18 and a 12 month high of $354.44. The company has a market capitalization of $1.83 billion, a price-to-earnings 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.