18,019 Shares in VanEck Oil Services ETF $OIH Bought by Quantitative Investment Management LLC

Quantitative Investment Management LLC bought a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,019 shares of the company’s stock, valued at approximately $6,703,000. VanEck Oil Services ETF makes up 0.7% of Quantitative Investment Management LLC’s investment portfolio, making the stock its 29th largest holding. Quantitative Investment Management LLC owned about 0.36% of VanEck Oil Services ETF at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of VanEck Oil Services ETF by 5.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 609,000 shares of the company’s stock worth $173,425,000 after buying an additional 31,000 shares during the period. Morgan Stanley lifted its position in shares of VanEck Oil Services ETF by 6.2% during the 4th quarter. Morgan Stanley now owns 455,222 shares of the company’s stock valued at $129,634,000 after buying an additional 26,633 shares in the last quarter. Bank of America Corp DE grew its stake in shares of VanEck Oil Services ETF by 11.1% during the 1st quarter. Bank of America Corp DE now owns 422,973 shares of the company’s stock valued at $170,970,000 after acquiring an additional 42,166 shares during the period. Employees Provident Fund Board bought a new position in shares of VanEck Oil Services ETF during the 4th quarter valued at approximately $69,336,000. Finally, Wells Fargo & Company MN grew its stake in shares of VanEck Oil Services ETF by 9.7% during the 4th quarter. Wells Fargo & Company MN now owns 188,675 shares of the company’s stock valued at $53,729,000 after acquiring an additional 16,625 shares during the period. Institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Stock Performance

VanEck Oil Services ETF stock opened at $418.31 on Monday. VanEck Oil Services ETF has a 12-month low of $242.24 and a 12-month high of $459.28. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.97 and a beta of 0.88. The firm has a 50 day moving average of $389.18 and a 200 day moving average of $402.26.

More VanEck Oil Services ETF News

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

• Positive Sentiment: Fading U.S.-Iran diplomacy and risks surrounding the Strait of Hormuz and Russian supply have revived bullish momentum in oil, supporting oil-focused ETFs such as OIH. WTI and Brent are also holding important technical support levels, with Brent above $85. Geopolitical Risks Lift Oil Prices: 4 ETFs to Watch
• Positive Sentiment: Persistent shipping constraints and tight diesel inventories are keeping refined-fuel markets relatively firm, offering additional support to crude prices and potentially encouraging activity for oilfield-service providers. Diesel Stocks Tighten as Hormuz Flows Slowly Recover
• Neutral Sentiment: Canada’s Trans Mountain CEO said the breakdown in U.S. trade talks adds urgency to plans for a new west-coast oil pipeline. The development could improve long-term Canadian export capacity and support service demand, but it is a planning initiative rather than an immediate earnings catalyst for OIH. Trans Mountain CEO Says US Trade Rift Adds Urgency to Canada’s Oil Pipeline Plan
• Negative Sentiment: Persian Gulf exports have recovered to roughly two-thirds of pre-war levels, and analysts expect oil to remain in the high-$70s to low-$80s for the rest of the year. Increased supply and subdued Chinese refining demand could restrain crude prices, limiting customers’ incentive to increase exploration and production spending. Persian Gulf Oil Exports Rebound

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.