IFP Advisors Inc Sells 500 Shares of VanEck Oil Services ETF $OIH

IFP Advisors Inc lessened its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 49.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 509 shares of the company’s stock after selling 500 shares during the period. IFP Advisors Inc’s holdings in VanEck Oil Services ETF were worth $117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lowe Wealth Advisors LLC bought a new stake in shares of VanEck Oil Services ETF in the 2nd quarter valued at about $31,000. Headlands Technologies LLC bought a new stake in shares of VanEck Oil Services ETF in the 1st quarter valued at about $45,000. Banque Cantonale Vaudoise bought a new stake in shares of VanEck Oil Services ETF in the 1st quarter valued at about $54,000. Trexquant Investment LP bought a new position in VanEck Oil Services ETF during the 1st quarter valued at approximately $229,000. Finally, Bank of Nova Scotia bought a new position in VanEck Oil Services ETF during the 1st quarter valued at approximately $278,000. Institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Price Performance

OIH opened at $251.56 on Friday. The business has a 50 day simple moving average of $253.47 and a two-hundred day simple moving average of $237.50. The firm has a market capitalization of $930.77 million, a price-to-earnings ratio of 10.97 and a beta of 1.99. VanEck Oil Services ETF has a one year low of $191.21 and a one year high of $311.28.

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.