Q3 Asset Management Invests $10.23 Million in VanEck Oil Services ETF $OIH

Q3 Asset Management acquired a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) during the fourth quarter, HoldingsChannel reports. The firm acquired 35,924 shares of the company’s stock, valued at approximately $10,230,000. VanEck Oil Services ETF accounts for approximately 2.3% of Q3 Asset Management’s portfolio, making the stock its 7th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altfest L J & Co. Inc. bought a new stake in shares of VanEck Oil Services ETF during the 4th quarter worth approximately $3,262,000. Vontobel Holding Ltd. bought a new stake in shares of VanEck Oil Services ETF during the 3rd quarter worth approximately $570,000. JPMorgan Chase & Co. raised its stake in shares of VanEck Oil Services ETF by 189.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,542 shares of the company’s stock worth $36,788,000 after purchasing an additional 92,676 shares in the last quarter. Investment House LLC bought a new stake in shares of VanEck Oil Services ETF during the 3rd quarter worth approximately $844,000. Finally, Spire Wealth Management increased its holdings in shares of VanEck Oil Services ETF by 23,025.0% during the 4th quarter. Spire Wealth Management now owns 4,625 shares of the company’s stock worth $1,317,000 after acquiring an additional 4,605 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Stock Performance

OIH stock opened at $400.69 on Monday. The firm has a market capitalization of $2.08 billion, a PE ratio of 10.97 and a beta of 0.84. VanEck Oil Services ETF has a 1-year low of $206.42 and a 1-year high of $423.85. The business’s 50 day simple moving average is $392.46 and its 200 day simple moving average is $329.70.

Key Stories Impacting VanEck Oil Services ETF

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Crude surged after recent incidents in the Strait of Hormuz and stalled U.S.–Iran peace talks, sending Brent and WTI up about 5% and supporting oil-service names. Why Oil Prices Are Rising Again Ahead of Potential U.S., Iran Peace Talks
• Positive Sentiment: Crude jumped more than 7% on weekend attacks and escalating tensions around the Strait of Hormuz, a catalyst for higher service demand and stronger oilfield-equipment earnings prospects. Oil prices jump more than 7% after Iran and U.S. attack ships as tensions escalate over Strait of Hormuz
• Positive Sentiment: Market commentary highlights a ~5% oil move after Iran re-closed the Strait following a ship seizure — technical momentum that can boost volatility and sector inflows into ETFs like OIH. US Dollar Price Forecast: Oil Surges 5% as Hormuz Ceasefire Fails — Is $100 Brent Next?
• Positive Sentiment: Large integrated oil names (BP, Shell) rose on the oil rebound, signaling sector breadth that often flows into oil-service suppliers and related ETFs. BP and Shell lifted by oil prices rebound as Iran-US talks in jeaopardy
• Neutral Sentiment: Coverage notes both higher oil and mixed equity futures (stocks down while oil rises), creating a two-way market where energy benefits may be offset by broader risk-off flows. Oil Up, U.S. Futures Fall Amid Increased Middle East Tensions; U.S. Retail Sales Eyed
• Neutral Sentiment: The Kremlin said Russia’s export volumes remain a material factor amid U.S. waiver discussions — a reminder that Russian flows and policy can mute or amplify price moves that affect OIH. The Kremlin, on the U.S. waiver, says you cannot ignore Russia’s oil volumes
• Negative Sentiment: Broader equity indices slipped on the uncertainty (UK stocks and U.S. futures softened), which can cap ETF gains as investors reduce exposure to cyclicals during risk-off moves. UK stocks slip as uncertainty over US-Iran ceasefire lifts oil prices

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.