VanEck Oil Services ETF (NYSEARCA:OIH) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC reduced its position in VanEck Oil Services ETF (NYSEARCA:OIH) by 33.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 694 shares of the company’s stock after selling 351 shares during the period. HBW Advisory Services LLC’s holdings in VanEck Oil Services ETF were worth $219,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of VanEck Oil Services ETF during the fourth quarter worth about $13,125,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of VanEck Oil Services ETF in the 4th quarter valued at approximately $3,637,000. Zweig DiMenna Associates LLC acquired a new position in shares of VanEck Oil Services ETF in the fourth quarter valued at approximately $2,136,000. Bleakley Financial Group LLC purchased a new stake in shares of VanEck Oil Services ETF during the fourth quarter worth approximately $308,000. Finally, RPG Investment Advisory LLC lifted its holdings in shares of VanEck Oil Services ETF by 0.5% during the fourth quarter. RPG Investment Advisory LLC now owns 46,132 shares of the company’s stock worth $14,279,000 after purchasing an additional 217 shares during the period.

VanEck Oil Services ETF Trading Down 0.6 %

Shares of NYSEARCA:OIH traded down $1.66 during midday trading on Tuesday, hitting $293.97. The stock had a trading volume of 544,411 shares, compared to its average volume of 423,283. VanEck Oil Services ETF has a 1 year low of $278.63 and a 1 year high of $364.08. The stock has a 50 day moving average price of $314.57 and a two-hundred day moving average price of $315.05. The company 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.