VanEck Oil Services ETF $OIH Shares Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lifted its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,568 shares of the company’s stock after buying an additional 179 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in VanEck Oil Services ETF were worth $361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OIH. Cambridge Investment Research Advisors Inc. boosted its position in shares of VanEck Oil Services ETF by 3.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,132 shares of the company’s stock worth $1,083,000 after buying an additional 156 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in VanEck Oil Services ETF in the first quarter worth approximately $5,529,000. Golden State Wealth Management LLC lifted its position in VanEck Oil Services ETF by 99.6% in the first quarter. Golden State Wealth Management LLC now owns 1,128 shares of the company’s stock worth $297,000 after purchasing an additional 563 shares during the period. Silver Oak Securities Incorporated acquired a new stake in VanEck Oil Services ETF in the first quarter worth approximately $750,000. Finally, Envestnet Asset Management Inc. lifted its position in VanEck Oil Services ETF by 14.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,863 shares of the company’s stock worth $488,000 after purchasing an additional 238 shares during the period. 94.50% of the stock is currently owned by institutional investors and hedge funds.

VanEck Oil Services ETF Price Performance

OIH opened at $256.84 on Tuesday. The company has a market capitalization of $950.31 million, a price-to-earnings ratio of 10.97 and a beta of 1.99. VanEck Oil Services ETF has a 1-year low of $191.21 and a 1-year high of $311.28. The business has a 50 day moving average price of $253.93 and a two-hundred day moving average price of $237.85.

About VanEck Oil Services ETF

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.