Axxcess Wealth Management LLC bought a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,067 shares of the company’s stock, valued at approximately $4,058,000. Axxcess Wealth Management LLC owned approximately 0.19% of VanEck Oil Services ETF at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in VanEck Oil Services ETF during the first quarter worth about $94,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of VanEck Oil Services ETF in the 4th quarter worth approximately $110,000. Northwest Financial Advisors bought a new position in shares of VanEck Oil Services ETF in the fourth quarter valued at approximately $138,000. Gradient Investments LLC increased its position in shares of VanEck Oil Services ETF by 188.1% during the fourth quarter. Gradient Investments LLC now owns 579 shares of the company’s stock valued at $179,000 after acquiring an additional 378 shares during the last quarter. Finally, Essex Financial Services Inc. bought a new stake in VanEck Oil Services ETF during the first quarter worth $200,000.
VanEck Oil Services ETF Trading Up 1.3 %
Shares of OIH stock traded up $4.37 during trading hours on Friday, hitting $334.11. 745,444 shares of the company were exchanged, compared to its average volume of 409,657. VanEck Oil Services ETF has a 52-week low of $278.63 and a 52-week high of $364.08. The firm has a fifty day simple moving average of $314.36 and a 200 day simple moving average of $313.04. The stock has a market capitalization of $2.09 billion, a price-to-earnings 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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