Lake Hills Wealth Management LLC Makes New Investment in VanEck Oil Services ETF $OIH

Lake Hills Wealth Management LLC acquired a new stake in VanEck Oil Services ETF (NYSEARCA:OIH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,778 shares of the company’s stock, valued at approximately $6,348,000. VanEck Oil Services ETF makes up 2.9% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 13th biggest position.

A number of other large investors have also made changes to their positions in the stock. CX Institutional acquired a new position in VanEck Oil Services ETF in the 3rd quarter valued at about $32,000. Tidal Investments LLC boosted its stake in shares of VanEck Oil Services ETF by 875.6% during the 2nd quarter. Tidal Investments LLC now owns 6,673 shares of the company’s stock worth $2,483,000 after purchasing an additional 5,989 shares during the last quarter. Arlington Capital Management Inc. acquired a new stake in shares of VanEck Oil Services ETF during the 2nd quarter worth about $9,317,000. NewEdge Advisors LLC grew its holdings in shares of VanEck Oil Services ETF by 19.3% during the second quarter. NewEdge Advisors LLC now owns 2,801 shares of the company’s stock worth $1,042,000 after buying an additional 454 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. grew its holdings in shares of VanEck Oil Services ETF by 2.8% during the second quarter. Mraz Amerine & Associates Inc. now owns 10,049 shares of the company’s stock worth $3,738,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

Key Headlines Impacting VanEck Oil Services ETF

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

• Positive Sentiment: Oil prices moved higher as Houthi attacks on Saudi Arabia and storm-related production shutdowns in the U.S. Gulf raised concerns about near-term supply disruptions. Higher crude prices generally improve drilling and production economics for OIH’s oil-service holdings. Oil Prices Rise as Houthi Attacks, U.S. Gulf Storm Raise Supply Risks
• Positive Sentiment: Energy ETFs are benefiting from elevated oil prices, while signs that the bond-market selloff is cooling could improve investor sentiment toward economically sensitive energy stocks. Energy ETFs to Watch as Bond Market Carnage Shows Signs of Cooling
• Neutral Sentiment: Geopolitical risk remains elevated, with Iran rejecting pressure to reopen the Strait of Hormuz and continued Saudi-Houthi tensions supporting an oil-risk premium. However, these developments also increase volatility and make the sustainability of higher prices uncertain. Iran’s Security Chief Blasts Scott Bessent as Crude Oil Prices Remain Volatile
• Negative Sentiment: Recovering Middle East crude exports and a G7 emergency stockpile release have eased some supply concerns. Earlier oil declines and forecasts warning of resistance near current levels may encourage profit-taking in energy shares and weigh on OIH. Oil prices slip as traders weigh strong Mideast exports against Gulf tensions

VanEck Oil Services ETF Stock Down 3.1%

Shares of NYSEARCA:OIH traded down $11.96 during trading on Wednesday, reaching $379.50. The stock had a trading volume of 169,033 shares, compared to its average volume of 444,628. The business has a fifty day moving average price of $405.05 and a 200-day moving average price of $406.51. The stock has a market cap of $1.82 billion, a P/E ratio of 10.97 and a beta of 0.96. VanEck Oil Services ETF has a fifty-two week low of $242.24 and a fifty-two week high of $459.28.

VanEck Oil Services ETF Company 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.