Avantax Advisory Services Inc. Boosts Stock Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Avantax Advisory Services Inc. grew its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 26.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,040 shares of the company’s stock after purchasing an additional 846 shares during the quarter. Avantax Advisory Services Inc. owned approximately 0.06% of VanEck Oil Services ETF worth $1,096,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OIH. Citigroup Inc. grew its stake in VanEck Oil Services ETF by 1,946.8% in the 3rd quarter. Citigroup Inc. now owns 288,356 shares of the company’s stock valued at $81,809,000 after buying an additional 274,268 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of VanEck Oil Services ETF during the fourth quarter valued at about $47,194,000. JPMorgan Chase & Co. increased its position in shares of VanEck Oil Services ETF by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock valued at $284,561,000 after buying an additional 154,738 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of VanEck Oil Services ETF by 154.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 127,000 shares of the company’s stock worth $36,031,000 after buying an additional 77,000 shares in the last quarter. Finally, Floyd Financial Group LLC bought a new position in shares of VanEck Oil Services ETF in the fourth quarter valued at approximately $5,925,000.

VanEck Oil Services ETF Trading Up 1.1 %

VanEck Oil Services ETF stock opened at $260.88 on Thursday. The firm’s 50 day simple moving average is $274.08 and its 200 day simple moving average is $281.32. VanEck Oil Services ETF has a 1-year low of $241.01 and a 1-year high of $353.25. The firm has a market capitalization of $1.23 billion, a PE ratio of 11.70 and a beta of 1.72.

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.