Lyell Wealth Management LP Sells 3,787 Shares of VanEck Oil Services ETF (NYSEARCA:OIH)

Lyell Wealth Management LP lowered its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 53.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,314 shares of the company’s stock after selling 3,787 shares during the quarter. Lyell Wealth Management LP’s holdings in VanEck Oil Services ETF were worth $899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services bought a new position in VanEck Oil Services ETF during the third quarter worth about $29,000. Golden State Wealth Management LLC acquired a new position in shares of VanEck Oil Services ETF in the 4th quarter valued at approximately $153,000. SilverOak Wealth Management LLC raised its holdings in VanEck Oil Services ETF by 9.7% during the 3rd quarter. SilverOak Wealth Management LLC now owns 738 shares of the company’s stock worth $209,000 after buying an additional 65 shares during the period. National Wealth Management Group LLC lifted its stake in VanEck Oil Services ETF by 8.1% in the third quarter. National Wealth Management Group LLC now owns 857 shares of the company’s stock valued at $243,000 after buying an additional 64 shares in the last quarter. Finally, Pettinga Financial Advisors LLC boosted its holdings in shares of VanEck Oil Services ETF by 8.0% in the third quarter. Pettinga Financial Advisors LLC now owns 950 shares of the company’s stock valued at $270,000 after buying an additional 70 shares during the period.

VanEck Oil Services ETF Stock Up 1.7 %

Shares of OIH stock opened at $284.68 on Wednesday. The firm has a fifty day moving average of $280.07 and a 200-day moving average of $287.14. VanEck Oil Services ETF has a 12-month low of $257.78 and a 12-month high of $353.25. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81.

VanEck Oil Services ETF Company 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.