VanEck Oil Services ETF $OIH Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP decreased its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 47.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,286 shares of the company’s stock after selling 1,183 shares during the period. Lyell Wealth Management LP’s holdings in VanEck Oil Services ETF were worth $296,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of VanEck Oil Services ETF by 13.2% during the 1st quarter. Royal Bank of Canada now owns 86,776 shares of the company’s stock worth $22,747,000 after acquiring an additional 10,093 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in VanEck Oil Services ETF during the 1st quarter valued at $6,741,000. Twin Tree Management LP raised its stake in VanEck Oil Services ETF by 811.1% during the 2nd quarter. Twin Tree Management LP now owns 23,342 shares of the company’s stock valued at $5,375,000 after purchasing an additional 20,780 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in VanEck Oil Services ETF during the 1st quarter valued at $5,529,000. Finally, Zweig DiMenna Associates LLC raised its stake in VanEck Oil Services ETF by 238.5% during the 1st quarter. Zweig DiMenna Associates LLC now owns 13,200 shares of the company’s stock valued at $3,460,000 after purchasing an additional 9,300 shares during the period. 94.50% of the stock is owned by institutional investors.

VanEck Oil Services ETF Trading Up 2.1%

NYSEARCA OIH opened at $256.84 on Tuesday. The company has a market capitalization of $950.31 million, a PE 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 firm’s fifty day simple moving average is $253.93 and its 200-day simple moving average is $237.85.

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.