E&G Advisors LP Cuts Holdings in VanEck Oil Services ETF (NYSEARCA:OIH)

E&G Advisors LP lowered its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,249 shares of the company’s stock after selling 118 shares during the period. E&G Advisors LP owned 0.07% of VanEck Oil Services ETF worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of OIH. Kingswood Wealth Advisors LLC lifted its stake in shares of VanEck Oil Services ETF by 3.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,512 shares of the company’s stock worth $509,000 after purchasing an additional 55 shares during the last quarter. Benin Management CORP bought a new stake in shares of VanEck Oil Services ETF in the 1st quarter valued at about $202,000. KRS Capital Management LLC grew its position in shares of VanEck Oil Services ETF by 31.1% in the 1st quarter. KRS Capital Management LLC now owns 1,095 shares of the company’s stock worth $368,000 after buying an additional 260 shares during the last quarter. Toth Financial Advisory Corp raised its stake in shares of VanEck Oil Services ETF by 51,416.7% during the 1st quarter. Toth Financial Advisory Corp now owns 3,091 shares of the company’s stock worth $1,040,000 after acquiring an additional 3,085 shares in the last quarter. Finally, Mayfair Advisory Group LLC lifted its position in VanEck Oil Services ETF by 7.2% during the first quarter. Mayfair Advisory Group LLC now owns 974 shares of the company’s stock valued at $328,000 after acquiring an additional 65 shares during the last quarter.

VanEck Oil Services ETF Stock Down 2.7 %

Shares of OIH opened at $279.53 on Friday. The company has a 50 day moving average of $290.03 and a two-hundred day moving average of $308.68. VanEck Oil Services ETF has a twelve month low of $262.18 and a twelve month high of $353.25. The company has a market cap of $1.75 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.