Pettinga Financial Advisors LLC Boosts Stake in VanEck Oil Services ETF (NYSEARCA:OIH)

Pettinga Financial Advisors LLC increased its position in VanEck Oil Services ETF (NYSEARCA:OIH) by 38.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 880 shares of the company’s stock after purchasing an additional 245 shares during the period. Pettinga Financial Advisors LLC’s holdings in VanEck Oil Services ETF were worth $278,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in VanEck Oil Services ETF during the fourth quarter valued at $13,125,000. Lyell Wealth Management LP increased its stake in VanEck Oil Services ETF by 66.4% during the 4th quarter. Lyell Wealth Management LP now owns 5,336 shares of the company’s stock valued at $1,652,000 after purchasing an additional 2,129 shares in the last quarter. Van ECK Associates Corp raised its holdings in VanEck Oil Services ETF by 176.5% in the fourth quarter. Van ECK Associates Corp now owns 29,844 shares of the company’s stock worth $9,237,000 after buying an additional 19,052 shares during the last quarter. Hollow Brook Wealth Management LLC lifted its stake in shares of VanEck Oil Services ETF by 6.2% in the fourth quarter. Hollow Brook Wealth Management LLC now owns 19,776 shares of the company’s stock worth $6,121,000 after buying an additional 1,163 shares in the last quarter. Finally, New York Life Investment Management LLC purchased a new stake in shares of VanEck Oil Services ETF during the fourth quarter valued at approximately $3,495,000.

VanEck Oil Services ETF Trading Up 2.9 %

OIH traded up $8.60 during trading on Friday, hitting $302.58. 341,526 shares of the company’s stock traded hands, compared to its average volume of 428,752. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81. The company’s 50 day simple moving average is $311.89 and its two-hundred day simple moving average is $315.21. VanEck Oil Services ETF has a 12-month low of $278.63 and a 12-month high of $364.08.

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.