Counterweight Ventures LLC Takes $1.41 Million Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Counterweight Ventures LLC acquired a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,563 shares of the company’s stock, valued at approximately $1,412,000. Counterweight Ventures LLC owned 0.06% of VanEck Oil Services ETF at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Centaurus Financial Inc. raised its holdings in shares of VanEck Oil Services ETF by 4.1% during the fourth quarter. Centaurus Financial Inc. now owns 7,106 shares of the company’s stock valued at $2,199,000 after purchasing an additional 282 shares during the period. Bluefin Capital Management LLC acquired a new position in shares of VanEck Oil Services ETF during the fourth quarter valued at about $343,000. Gendell Jeffrey L raised its holdings in shares of 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 acquiring an additional 221,000 shares during the last quarter. Greenlight Capital Inc. raised its holdings in shares of VanEck Oil Services ETF by 33.2% in the 4th quarter. Greenlight Capital Inc. now owns 9,270 shares of the company’s stock worth $2,869,000 after acquiring an additional 2,310 shares during the last quarter. Finally, Clear Street Markets LLC acquired a new stake in shares of VanEck Oil Services ETF in the 4th quarter worth about $1,052,000.

VanEck Oil Services ETF Trading Down 2.7 %

Shares of OIH traded down $8.18 on Friday, reaching $295.30. The company’s stock had a trading volume of 759,370 shares, compared to its average volume of 393,784. VanEck Oil Services ETF has a twelve month low of $262.75 and a twelve month high of $364.08. The stock has a market capitalization of $1.85 billion, a PE ratio of 18.96 and a beta of 0.81. The firm has a fifty day moving average of $319.81 and a 200-day moving average of $311.36.

VanEck Oil Services ETF 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.