RPG Investment Advisory LLC trimmed its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 62.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,904 shares of the company’s stock after selling 3,102 shares during the period. RPG Investment Advisory LLC’s holdings in VanEck Oil Services ETF were worth $438,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. CreativeOne Wealth LLC acquired a new stake in shares of VanEck Oil Services ETF in the second quarter worth $305,000. Global Retirement Partners LLC acquired a new position in shares of VanEck Oil Services ETF during the second quarter worth about $272,000. JPMorgan Chase & Co. boosted its position in shares of VanEck Oil Services ETF by 45.3% in the second quarter. JPMorgan Chase & Co. now owns 48,866 shares of the company’s stock worth $11,253,000 after buying an additional 15,230 shares during the period. MTM Investment Management LLC acquired a new stake in shares of VanEck Oil Services ETF in the second quarter valued at about $27,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of VanEck Oil Services ETF during the 2nd quarter valued at about $322,000. 94.50% of the stock is owned by institutional investors and hedge funds.
VanEck Oil Services ETF Price Performance
Shares of VanEck Oil Services ETF stock opened at $282.61 on Tuesday. The business has a 50-day moving average of $269.87 and a 200-day moving average of $250.15. The company has a market capitalization of $1.12 billion, a PE ratio of 10.97 and a beta of 1.16. VanEck Oil Services ETF has a 1-year low of $191.21 and a 1-year high of $311.28.
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.
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