Main Management LLC Has $4.16 Million Stock Holdings in VanEck Oil Services ETF (NYSEARCA:OIH)

Main Management LLC trimmed its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,341 shares of the company’s stock after selling 500 shares during the quarter. Main Management LLC owned approximately 0.25% of VanEck Oil Services ETF worth $4,161,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of 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 valued at $284,561,000 after buying an additional 154,738 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in VanEck Oil Services ETF in the fourth quarter valued at $47,194,000. LPL Financial LLC grew its position in shares of VanEck Oil Services ETF by 0.7% in the 4th quarter. LPL Financial LLC now owns 72,954 shares of the company’s stock valued at $19,787,000 after acquiring an additional 509 shares during the period. Zuckerman Investment Group LLC increased its stake in shares of VanEck Oil Services ETF by 1.9% during the 4th quarter. Zuckerman Investment Group LLC now owns 48,072 shares of the company’s stock worth $13,265,000 after purchasing an additional 877 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in VanEck Oil Services ETF by 106.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 29,103 shares of the company’s stock valued at $7,894,000 after purchasing an additional 15,039 shares during the last quarter.

VanEck Oil Services ETF Stock Performance

VanEck Oil Services ETF stock opened at $231.50 on Wednesday. The stock has a 50-day simple moving average of $231.58 and a 200 day simple moving average of $264.77. The stock has a market capitalization of $1.02 billion, a P/E ratio of 9.97 and a beta of 1.21. VanEck Oil Services ETF has a 52 week low of $191.21 and a 52 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.