Mpwm Advisory Solutions LLC Takes Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Mpwm Advisory Solutions LLC acquired a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 261 shares of the company’s stock, valued at approximately $71,000.

A number of other hedge funds have also recently made changes to their positions in the business. Tidal Investments LLC grew its holdings in shares of VanEck Oil Services ETF by 36.4% during the fourth quarter. Tidal Investments LLC now owns 1,500 shares of the company’s stock valued at $407,000 after buying an additional 400 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of VanEck Oil Services ETF during the fourth quarter valued at about $3,526,000. Ground Swell Capital LLC acquired a new position in shares of VanEck Oil Services ETF during the fourth quarter valued at about $1,058,000. Focus Partners Wealth purchased a new position in VanEck Oil Services ETF during the fourth quarter worth about $213,000. Finally, Crestline Management LP purchased a new position in VanEck Oil Services ETF during the fourth quarter worth about $271,000.

VanEck Oil Services ETF Stock Performance

VanEck Oil Services ETF stock opened at $222.69 on Wednesday. VanEck Oil Services ETF has a fifty-two week low of $191.21 and a fifty-two week high of $340.19. The stock has a market cap of $979.84 million, a PE ratio of 9.97 and a beta of 1.21. The firm’s 50-day simple moving average is $229.32 and its 200 day simple moving average is $263.17.

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.