PCG Wealth Advisors LLC lessened its holdings in VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 26.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,212 shares of the company’s stock after selling 2,633 shares during the period. PCG Wealth Advisors LLC’s holdings in VanEck Oil Services ETF were worth $2,683,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of OIH. SFG Wealth Management LLC. lifted its position in shares of VanEck Oil Services ETF by 49.8% during the second quarter. SFG Wealth Management LLC. now owns 1,333 shares of the company’s stock worth $496,000 after purchasing an additional 443 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of VanEck Oil Services ETF during the second quarter valued at $1,443,000. Quantitative Investment Management LLC purchased a new stake in shares of VanEck Oil Services ETF during the second quarter valued at $6,703,000. X Square Capital LLC bought a new position in shares of VanEck Oil Services ETF in the second quarter worth about $330,000. Finally, Pettinga Financial Advisors LLC bought a new position in shares of VanEck Oil Services ETF in the second quarter worth about $247,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.
VanEck Oil Services ETF Price Performance
OIH stock opened at $427.53 on Friday. VanEck Oil Services ETF has a 12 month low of $242.24 and a 12 month high of $459.28. The firm’s 50-day moving average is $394.16 and its 200 day moving average is $403.95. The company has a market capitalization of $2.12 billion, a PE ratio of 10.97 and a beta of 0.90.
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.
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