VanEck Oil Services ETF (NYSEARCA:OIH) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC trimmed its holdings in VanEck Oil Services ETF (NYSEARCA:OIH) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,213 shares of the company’s stock after selling 147 shares during the period. Insigneo Advisory Services LLC’s holdings in VanEck Oil Services ETF were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in VanEck Oil Services ETF in the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of VanEck Oil Services ETF by 64.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 102 shares of the company’s stock valued at $28,000 after acquiring an additional 40 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of VanEck Oil Services ETF by 64.6% during the fourth quarter. Farther Finance Advisors LLC now owns 130 shares of the company’s stock worth $35,000 after acquiring an additional 51 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in VanEck Oil Services ETF during the fourth quarter worth about $62,000. Finally, Golden State Wealth Management LLC purchased a new position in VanEck Oil Services ETF during the fourth quarter worth about $153,000.

VanEck Oil Services ETF Trading Up 3.6 %

Shares of OIH opened at $218.84 on Friday. The stock’s 50 day moving average is $250.51 and its two-hundred day moving average is $273.81. VanEck Oil Services ETF has a twelve month low of $191.21 and a twelve month high of $340.19. The firm has a market capitalization of $1.04 billion, a PE ratio of 12.26 and a beta of 1.35.

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.