Truist Financial Corp Buys 463 Shares of VanEck Oil Services ETF $OIH

Truist Financial Corp lifted its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 9.4% during the second quarter, Holdings Channel reports. The fund owned 5,384 shares of the company’s stock after acquiring an additional 463 shares during the quarter. Truist Financial Corp’s holdings in VanEck Oil Services ETF were worth $1,240,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in OIH. NBC Securities Inc. acquired a new position in VanEck Oil Services ETF during the first quarter valued at approximately $26,000. Lowe Wealth Advisors LLC acquired a new position in VanEck Oil Services ETF in the 2nd quarter valued at $31,000. Headlands Technologies LLC bought a new position in VanEck Oil Services ETF in the 1st quarter worth $45,000. Banque Cantonale Vaudoise bought a new position in VanEck Oil Services ETF in the 1st quarter worth $54,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in VanEck Oil Services ETF during the 1st quarter worth $227,000. Institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Stock Performance

Shares of NYSEARCA:OIH opened at $242.45 on Monday. The company has a market cap of $897.07 million, a P/E ratio of 10.97 and a beta of 1.99. The stock’s 50-day moving average is $252.24 and its 200-day moving average is $237.80. VanEck Oil Services ETF has a 52-week low of $191.21 and a 52-week high of $311.28.

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.