Paloma Partners Management Co Takes Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Paloma Partners Management Co acquired a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,056 shares of the company’s stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of OIH. SBI Securities Co. Ltd. purchased a new position in shares of VanEck Oil Services ETF during the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its position in shares of VanEck Oil Services ETF by 64.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 102 shares of the company’s stock valued at $28,000 after buying an additional 40 shares during the last quarter. Farther Finance Advisors LLC boosted its position 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 valued at $35,000 after buying an additional 51 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in shares of VanEck Oil Services ETF during the fourth quarter valued at approximately $62,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of VanEck Oil Services ETF by 349.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 481 shares of the company’s stock valued at $130,000 after buying an additional 374 shares during the last quarter.

VanEck Oil Services ETF Trading Down 0.7 %

OIH stock opened at $214.76 on Tuesday. The stock’s fifty day simple moving average is $241.11 and its two-hundred day simple moving average is $269.52. VanEck Oil Services ETF has a 1-year low of $191.21 and a 1-year high of $340.19. The stock has a market cap of $901.99 million, a P/E ratio of 9.73 and a beta of 1.35.

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.