VanEck Oil Services ETF (NYSEARCA:OIH) is Element Capital Management LLC’s 3rd Largest Position

Element Capital Management LLC cut its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 78.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,393 shares of the company’s stock after selling 8,567 shares during the period. VanEck Oil Services ETF accounts for approximately 6.4% of Element Capital Management LLC’s holdings, making the stock its 3rd biggest holding. Element Capital Management LLC’s holdings in VanEck Oil Services ETF were worth $649,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in VanEck Oil Services ETF during the 4th quarter worth $27,000. EverSource Wealth Advisors LLC boosted its position in VanEck Oil Services ETF by 64.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 102 shares of the company’s stock worth $28,000 after purchasing an additional 40 shares during the period. Farther Finance Advisors LLC lifted its holdings in VanEck Oil Services ETF by 64.6% in the 4th quarter. Farther Finance Advisors LLC now owns 130 shares of the company’s stock worth $35,000 after buying an additional 51 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in VanEck Oil Services ETF in the 4th quarter worth $153,000. Finally, IFP Advisors Inc lifted its holdings in VanEck Oil Services ETF by 39.3% in the 4th quarter. IFP Advisors Inc now owns 709 shares of the company’s stock worth $192,000 after buying an additional 200 shares in the last quarter.

VanEck Oil Services ETF Price Performance

Shares of OIH stock opened at $260.88 on Thursday. VanEck Oil Services ETF has a 12 month low of $241.01 and a 12 month high of $353.25. The firm has a market capitalization of $1.23 billion, a P/E ratio of 11.70 and a beta of 1.72. The company’s fifty day moving average price is $274.08 and its two-hundred day moving average price is $281.32.

VanEck Oil Services ETF Company 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.