HighTower Advisors LLC lessened its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 60.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,727 shares of the company’s stock after selling 5,787 shares during the quarter. HighTower Advisors LLC’s holdings in VanEck Oil Services ETF were worth $1,057,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of OIH. Citigroup Inc. lifted its stake in VanEck Oil Services ETF by 1,946.8% in the third quarter. Citigroup Inc. now owns 288,356 shares of the company’s stock valued at $81,809,000 after buying an additional 274,268 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in VanEck Oil Services ETF by 154.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 127,000 shares of the company’s stock worth $36,031,000 after purchasing an additional 77,000 shares during the period. Sollinda Capital Management LLC acquired a new stake in VanEck Oil Services ETF during the 3rd quarter worth $4,111,000. Zweig DiMenna Associates LLC purchased a new position in VanEck Oil Services ETF during the 3rd quarter worth $2,298,000. Finally, Lee Danner & Bass Inc. acquired a new position in VanEck Oil Services ETF in the second quarter valued at $2,489,000.
VanEck Oil Services ETF Stock Performance
Shares of OIH opened at $276.45 on Wednesday. VanEck Oil Services ETF has a fifty-two week low of $262.18 and a fifty-two week high of $353.25. The firm has a 50-day simple moving average of $290.15 and a 200-day simple moving average of $298.11. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81.
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.
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Want to see what other hedge funds are holding OIH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Oil Services ETF (NYSEARCA:OIH – Free Report).
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