VanEck Oil Services ETF (NYSEARCA:OIH) Sets New 52-Week High – Should You Buy?

VanEck Oil Services ETF (NYSEARCA:OIHGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $406.12 and last traded at $397.9680, with a volume of 232060 shares changing hands. The stock had previously closed at $396.97.

Key Headlines Impacting VanEck Oil Services ETF

Here are the key news stories impacting VanEck Oil Services ETF this week:

VanEck Oil Services ETF Trading Up 0.2%

The company has a 50-day moving average price of $340.18 and a two-hundred day moving average price of $294.91. The stock has a market cap of $2.37 billion, a P/E ratio of 10.97 and a beta of 1.16.

Institutional Investors Weigh In On VanEck Oil Services ETF

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in VanEck Oil Services ETF by 30.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,629 shares of the company’s stock valued at $689,000 after purchasing an additional 614 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of VanEck Oil Services ETF by 30.6% during the second quarter. Envestnet Asset Management Inc. now owns 2,433 shares of the company’s stock valued at $560,000 after buying an additional 570 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of VanEck Oil Services ETF in the second quarter worth approximately $208,000. Creative Planning lifted its stake in shares of VanEck Oil Services ETF by 42.9% during the 2nd quarter. Creative Planning now owns 1,150 shares of the company’s stock worth $265,000 after acquiring an additional 345 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of VanEck Oil Services ETF during the 2nd quarter worth approximately $322,000. Institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Company Profile

(Get Free Report)

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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