Wells Fargo & Company MN Trims Stock Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Wells Fargo & Company MN lessened its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 746,291 shares of the company’s stock after selling 199,103 shares during the period. Wells Fargo & Company MN owned about 11.94% of VanEck Oil Services ETF worth $202,416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in OIH. JPMorgan Chase & Co. boosted its holdings in VanEck Oil Services ETF by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock worth $284,561,000 after buying an additional 154,738 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in VanEck Oil Services ETF during the 4th quarter valued at about $47,194,000. LPL Financial LLC grew its position in shares of VanEck Oil Services ETF by 0.7% in the fourth quarter. LPL Financial LLC now owns 72,954 shares of the company’s stock valued at $19,787,000 after purchasing an additional 509 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of VanEck Oil Services ETF by 301.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 26,731 shares of the company’s stock valued at $7,250,000 after purchasing an additional 20,075 shares during the last quarter. Finally, Floyd Financial Group LLC purchased a new position in VanEck Oil Services ETF during the fourth quarter worth approximately $5,925,000.

VanEck Oil Services ETF Stock Down 12.3 %

Shares of NYSEARCA:OIH opened at $207.77 on Friday. VanEck Oil Services ETF has a 52-week low of $204.54 and a 52-week high of $353.25. The stock has a market cap of $986.91 million, a P/E ratio of 12.26 and a beta of 1.35. The business has a fifty day moving average of $265.95 and a two-hundred day moving average of $279.54.

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.