Steel Grove Capital Advisors LLC Grows Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Steel Grove Capital Advisors LLC increased its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 52.2% in the first quarter, Holdings Channel reports. The firm owned 6,397 shares of the company’s stock after buying an additional 2,195 shares during the period. Steel Grove Capital Advisors LLC’s holdings in VanEck Oil Services ETF were worth $1,677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OIH. SBI Securities Co. Ltd. acquired a new position in VanEck Oil Services ETF in the fourth quarter valued at about $27,000. Focus Partners Wealth purchased a new stake in shares of VanEck Oil Services ETF in the 4th quarter valued at approximately $213,000. Avantax Advisory Services Inc. lifted its holdings in shares of VanEck Oil Services ETF by 26.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,040 shares of the company’s stock worth $1,096,000 after acquiring an additional 846 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of VanEck Oil Services ETF in the 1st quarter worth approximately $26,000. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of VanEck Oil Services ETF by 18.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 866 shares of the company’s stock worth $235,000 after purchasing an additional 133 shares during the period.

VanEck Oil Services ETF Stock Performance

VanEck Oil Services ETF stock opened at $244.69 on Thursday. The company has a market capitalization of $1.02 billion, a PE ratio of 9.97 and a beta of 1.19. VanEck Oil Services ETF has a fifty-two week low of $191.21 and a fifty-two week high of $340.19. The firm has a 50 day moving average price of $222.51 and a 200 day moving average price of $253.46.

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.