VanEck Oil Services ETF (NYSEARCA:OIH) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. cut its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,779 shares of the company’s stock after selling 361 shares during the period. Baird Financial Group Inc.’s holdings in VanEck Oil Services ETF were worth $2,652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in OIH. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of VanEck Oil Services ETF in the fourth quarter valued at approximately $47,194,000. JPMorgan Chase & Co. boosted its holdings in shares of VanEck Oil Services ETF by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock valued at $284,561,000 after acquiring an additional 154,738 shares in the last quarter. Floyd Financial Group LLC bought a new position in shares of VanEck Oil Services ETF in the fourth quarter valued at approximately $5,925,000. Commonwealth Equity Services LLC boosted its holdings in shares of VanEck Oil Services ETF by 301.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 26,731 shares of the company’s stock valued at $7,250,000 after acquiring an additional 20,075 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of VanEck Oil Services ETF by 106.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 29,103 shares of the company’s stock valued at $7,894,000 after acquiring an additional 15,039 shares in the last quarter.

VanEck Oil Services ETF Price Performance

VanEck Oil Services ETF stock opened at $221.87 on Monday. The firm has a 50 day simple moving average of $232.25 and a 200-day simple moving average of $265.33. The stock has a market capitalization of $931.85 million, a PE ratio of 9.73 and a beta of 1.35. VanEck Oil Services ETF has a 12-month low of $191.21 and a 12-month high of $340.19.

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.