Sumitomo Mitsui Trust Group Inc. lifted its holdings in VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 103.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,770 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in VanEck Oil Services ETF were worth $502,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in VanEck Oil Services ETF during the 3rd quarter worth $29,000. NBC Securities Inc. boosted its holdings in VanEck Oil Services ETF by 100.0% in the third quarter. NBC Securities Inc. now owns 150 shares of the company’s stock valued at $42,000 after acquiring an additional 75 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in VanEck Oil Services ETF in the second quarter worth about $57,000. Riverview Trust Co bought a new stake in VanEck Oil Services ETF during the 2nd quarter worth about $62,000. Finally, Sanctuary Advisors LLC acquired a new position in VanEck Oil Services ETF during the 2nd quarter valued at about $223,000.
VanEck Oil Services ETF Trading Down 0.6 %
Shares of NYSEARCA OIH opened at $293.81 on Wednesday. VanEck Oil Services ETF has a 1 year low of $262.18 and a 1 year high of $353.25. The firm’s 50-day moving average is $286.44 and its 200-day moving average is $301.98. The firm has a market capitalization of $1.84 billion, a PE ratio of 18.96 and a beta of 0.81.
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.
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