Paloma Partners Management Co Makes New $286,000 Investment in VanEck Oil Services ETF (NYSEARCA:OIH)

Paloma Partners Management Co bought a new position in VanEck Oil Services ETF (NYSEARCA:OIH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,056 shares of the company’s stock, valued at approximately $286,000.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in VanEck Oil Services ETF in the fourth quarter worth approximately $27,000. JPMorgan Chase & Co. increased its holdings in VanEck Oil Services ETF by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock worth $284,561,000 after purchasing an additional 154,738 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in VanEck Oil Services ETF by 26.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 4,040 shares of the company’s stock worth $1,096,000 after purchasing an additional 846 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in VanEck Oil Services ETF by 18.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 866 shares of the company’s stock worth $235,000 after purchasing an additional 133 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in VanEck Oil Services ETF in the third quarter worth approximately $312,000.

VanEck Oil Services ETF Stock Performance

Shares of OIH stock opened at $214.76 on Tuesday. The company has a market cap of $901.99 million, a P/E ratio of 9.73 and a beta of 1.35. The stock has a 50 day simple moving average of $241.11 and a two-hundred day simple moving average of $269.52. VanEck Oil Services ETF has a fifty-two week low of $191.21 and a fifty-two week high of $340.19.

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.