DRW Securities LLC Reduces Stock Position in VanEck Oil Services ETF (NYSEARCA:OIH)

DRW Securities LLC reduced its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 71.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,239 shares of the company’s stock after selling 3,084 shares during the period. DRW Securities LLC’s holdings in VanEck Oil Services ETF were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Citigroup Inc. lifted its holdings in VanEck Oil Services ETF by 1,946.8% during the 3rd quarter. Citigroup Inc. now owns 288,356 shares of the company’s stock worth $81,809,000 after purchasing an additional 274,268 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of VanEck Oil Services ETF by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 8,213 shares of the company’s stock valued at $2,330,000 after buying an additional 103 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of VanEck Oil Services ETF by 63.7% in the third quarter. Oppenheimer & Co. Inc. now owns 10,814 shares of the company’s stock worth $3,068,000 after buying an additional 4,207 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of VanEck Oil Services ETF by 103.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,770 shares of the company’s stock worth $502,000 after buying an additional 900 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of VanEck Oil Services ETF by 3.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 1,636 shares of the company’s stock valued at $464,000 after acquiring an additional 60 shares during the period.

VanEck Oil Services ETF Trading Down 1.1 %

VanEck Oil Services ETF stock opened at $300.33 on Wednesday. VanEck Oil Services ETF has a 1-year low of $262.18 and a 1-year high of $353.25. The firm has a market capitalization of $1.88 billion, a PE ratio of 18.96 and a beta of 0.81. The firm’s 50 day simple moving average is $289.72 and its 200 day simple moving average is $301.20.

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.