Horizon Kinetics Asset Management LLC Sells 430 Shares of VanEck Oil Services ETF (NYSEARCA:OIH)

Horizon Kinetics Asset Management LLC decreased its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 10.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,690 shares of the company’s stock after selling 430 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in VanEck Oil Services ETF were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its position in VanEck Oil Services ETF by 10.8% during the 1st quarter. Comerica Bank now owns 1,802 shares of the company’s stock worth $606,000 after buying an additional 176 shares during the period. Lee Danner & Bass Inc. bought a new stake in VanEck Oil Services ETF in the 2nd quarter valued at about $2,489,000. Price T Rowe Associates Inc. MD raised its position in shares of VanEck Oil Services ETF by 6.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 160,512 shares of the company’s stock valued at $53,986,000 after buying an additional 10,358 shares in the last quarter. DRW Securities LLC boosted its stake in shares of VanEck Oil Services ETF by 297.3% in the second quarter. DRW Securities LLC now owns 4,323 shares of the company’s stock valued at $1,367,000 after buying an additional 3,235 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in VanEck Oil Services ETF during the second quarter worth approximately $275,000.

VanEck Oil Services ETF Price Performance

Shares of NYSEARCA OIH opened at $303.60 on Tuesday. The business has a fifty day moving average price of $289.44 and a two-hundred day moving average price of $301.34. The stock has a market capitalization of $1.90 billion, a PE ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a fifty-two week low of $262.18 and a fifty-two week high of $353.25.

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.