Investment House LLC Sells 1,518 Shares of VanEck Oil Services ETF $OIH

Investment House LLC lessened its position in VanEck Oil Services ETF (NYSEARCA:OIH) by 46.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,729 shares of the company’s stock after selling 1,518 shares during the quarter. Investment House LLC’s holdings in VanEck Oil Services ETF were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OIH. NewEdge Advisors LLC lifted its holdings in shares of VanEck Oil Services ETF by 30.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,629 shares of the company’s stock worth $689,000 after acquiring an additional 614 shares during the last quarter. Creative Planning lifted its holdings in shares of VanEck Oil Services ETF by 42.9% in 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. Qube Research & Technologies Ltd bought a new stake in shares of VanEck Oil Services ETF in the 2nd quarter worth about $53,000. The Manufacturers Life Insurance Company lifted its holdings in shares of VanEck Oil Services ETF by 148.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,244 shares of the company’s stock worth $1,668,000 after acquiring an additional 4,324 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of VanEck Oil Services ETF by 88.2% in the 2nd quarter. Raymond James Financial Inc. now owns 24,713 shares of the company’s stock worth $5,691,000 after acquiring an additional 11,583 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

More VanEck Oil Services ETF News

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

• Positive Sentiment: U.S. crude stockpiles posted a much larger-than-expected draw, with the EIA reporting a record 17.8 million-barrel withdrawal, signaling tight supply and supporting upstream spending. US draws down record volumes of crude oil from stocks, EIA says
• Positive Sentiment: Another report showed U.S. crude and gasoline inventories fell again last week, reinforcing the view that oil markets remain tight and that producers may keep investing in services activity. US crude and gasoline inventories fell last week, distillates rose – EIA says
• Positive Sentiment: War-driven supply disruptions and elevated gasoline prices heading into Memorial Day travel season kept energy markets firm, which can lift oil services stocks if producers respond with more drilling and maintenance spending. More gasoline price shocks might hit US drivers this summer travel season
• Neutral Sentiment: Oil prices were volatile as traders weighed mixed Iran headlines, with some reports pointing to ongoing risk while others said diplomacy and tanker traffic through Hormuz were easing the war premium. Oil prices ease after Trump says US will end Iran war ‘very quickly’
• Neutral Sentiment: Reports that oil fell after signs of renewed tanker movement in the Strait of Hormuz likely helped ease supply fears, which could soften near-term upside for OIH if crude remains under pressure. Oil Prices Fall After Reports Supertankers Are Moving Through Strait of Hormuz
• Negative Sentiment: Oil also sold off on hopes for an Iran deal, a development that could reduce the geopolitical risk premium and weigh on oil-related equities if prices stay softer. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 5.5% As Traders Bet On Iran Deal

VanEck Oil Services ETF Trading Up 0.0%

VanEck Oil Services ETF stock opened at $451.04 on Thursday. The firm has a 50-day moving average price of $413.23 and a 200-day moving average price of $354.96. The firm has a market capitalization of $2.53 billion, a PE ratio of 10.97 and a beta of 0.89. VanEck Oil Services ETF has a 12-month low of $210.70 and a 12-month high of $459.28.

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.