Healthcare of Ontario Pension Plan Trust Fund Sells 531,000 Shares of VanEck Oil Services ETF $OIH

Healthcare of Ontario Pension Plan Trust Fund cut its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 87.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 78,000 shares of the company’s stock after selling 531,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in VanEck Oil Services ETF were worth $31,528,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC boosted its position in VanEck Oil Services ETF by 30.5% during the first quarter. NewEdge Advisors LLC now owns 2,629 shares of the company’s stock valued at $689,000 after acquiring an additional 614 shares during the last quarter. Creative Planning raised its position in shares of VanEck Oil Services ETF by 42.9% in the 2nd quarter. Creative Planning now owns 1,150 shares of the company’s stock worth $265,000 after acquiring an additional 345 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of VanEck Oil Services ETF in the 2nd quarter worth about $53,000. The Manufacturers Life Insurance Company raised its position in shares of VanEck Oil Services ETF by 148.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,244 shares of the company’s stock worth $1,668,000 after acquiring an additional 4,324 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of VanEck Oil Services ETF by 88.2% in the 2nd quarter. Raymond James Financial Inc. now owns 24,713 shares of the company’s stock valued at $5,691,000 after purchasing an additional 11,583 shares during the period. Institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF News Summary

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Oil prices surged on Middle East conflict, tanker attacks, and fears of supply disruption, which is favorable for oil services demand and drilling activity. Oil prices rise to six-week high as US-Iran tensions escalate
• Positive Sentiment: Physical crude cargo prices jumped to two-month highs, with some nearing $110 a barrel, underscoring tight supply conditions that can lift energy-services sentiment. Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply
• Positive Sentiment: Energy ETFs were in focus as investors looked for beneficiaries of the crude rally, reinforcing the bullish setup for the oil-services segment. Hormuz Tensions Deepen: Energy ETFs in Focus
• Neutral Sentiment: Oil did pull back later in the session as traders took profits and hopes for renewed U.S.-Iran talks eased some of the panic buying, which could cap near-term upside for energy equities. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats 4% On Profit-Taking
• Neutral Sentiment: Some market coverage noted oil stabilizing or easing after earlier spikes, suggesting volatility remains high rather than a one-way move for OIH. U.S. Stocks Stabilize as Oil Retreats on Peace Talk Hopes
• Negative Sentiment: If peace talks or de-escalation reduce crude prices further, that could take some steam out of the oil-services trade after the recent run-up. Oil Prices Fall Below $100 but U.S., Iran Tensions Mount

VanEck Oil Services ETF Price Performance

Shares of VanEck Oil Services ETF stock opened at $391.66 on Monday. VanEck Oil Services ETF has a one year low of $231.82 and a one year high of $459.28. The stock’s 50-day moving average is $401.23 and its 200 day moving average is $390.90. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 10.97 and a beta of 0.87.

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.