Brevan Howard Capital Management LP acquired a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,019 shares of the company’s stock, valued at approximately $548,000.
A number of other large investors have also recently made changes to their positions in OIH. Tidal Investments LLC purchased a new stake in shares of VanEck Oil Services ETF in the 3rd quarter valued at approximately $312,000. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 154,738 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in VanEck Oil Services ETF by 90.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,364 shares of the company’s stock valued at $370,000 after buying an additional 647 shares during the last quarter. HBW Advisory Services LLC acquired a new stake in VanEck Oil Services ETF in the fourth quarter valued at $359,000. Finally, Floyd Financial Group LLC purchased a new stake in VanEck Oil Services ETF during the 4th quarter worth about $5,925,000.
VanEck Oil Services ETF Stock Performance
OIH opened at $221.87 on Friday. VanEck Oil Services ETF has a one year low of $191.21 and a one year high of $340.19. The company has a market cap of $931.85 million, a P/E ratio of 9.73 and a beta of 1.35. The business’s 50-day simple moving average is $232.25 and its 200-day simple moving average is $265.47.
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.
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