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

Concourse Financial Group Securities Inc. lessened its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,406 shares of the company’s stock after selling 50 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in VanEck Oil Services ETF were worth $473,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Private Advisor Group LLC grew its holdings in VanEck Oil Services ETF by 89.8% during the 1st quarter. Private Advisor Group LLC now owns 6,800 shares of the company’s stock valued at $2,287,000 after buying an additional 3,217 shares during the last quarter. Hartline Investment Corp acquired a new stake in shares of VanEck Oil Services ETF during the first quarter worth $283,000. Commonwealth Equity Services LLC boosted its holdings in shares of VanEck Oil Services ETF by 19.2% during the first quarter. Commonwealth Equity Services LLC now owns 5,918 shares of the company’s stock worth $1,990,000 after purchasing an additional 953 shares during the last quarter. Zweig DiMenna Associates LLC boosted its holdings in shares of VanEck Oil Services ETF by 5.8% during the first quarter. Zweig DiMenna Associates LLC now owns 7,300 shares of the company’s stock worth $2,455,000 after purchasing an additional 400 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of VanEck Oil Services ETF by 789.4% during the first quarter. Capital Investment Advisory Services LLC now owns 13,199 shares of the company’s stock worth $4,439,000 after purchasing an additional 11,715 shares during the last quarter.

VanEck Oil Services ETF Stock Down 1.6 %

Shares of OIH stock traded down $5.10 during mid-day trading on Friday, hitting $309.79. 396,972 shares of the company’s stock were exchanged, compared to its average volume of 389,846. VanEck Oil Services ETF has a fifty-two week low of $278.63 and a fifty-two week high of $364.08. The stock has a 50-day simple moving average of $313.55 and a two-hundred day simple moving average of $311.88. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81.

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.