Citigroup Inc. Buys 274,268 Shares of VanEck Oil Services ETF (NYSEARCA:OIH)

Citigroup Inc. raised its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 1,946.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 288,356 shares of the company’s stock after purchasing an additional 274,268 shares during the quarter. Citigroup Inc.’s holdings in VanEck Oil Services ETF were worth $81,809,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OIH. Wealth Enhancement Advisory Services LLC grew its position in VanEck Oil Services ETF by 3.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,618 shares of the company’s stock worth $512,000 after acquiring an additional 58 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in VanEck Oil Services ETF by 3.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,636 shares of the company’s stock worth $464,000 after purchasing an additional 60 shares during the last quarter. SilverOak Wealth Management LLC lifted its stake in VanEck Oil Services ETF by 9.7% during the third quarter. SilverOak Wealth Management LLC now owns 738 shares of the company’s stock worth $209,000 after purchasing an additional 65 shares during the last quarter. KRS Capital Management LLC boosted its holdings in shares of VanEck Oil Services ETF by 6.4% in the 2nd quarter. KRS Capital Management LLC now owns 1,165 shares of the company’s stock worth $368,000 after purchasing an additional 70 shares in the last quarter. Finally, Pettinga Financial Advisors LLC increased its position in shares of VanEck Oil Services ETF by 8.0% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 950 shares of the company’s stock valued at $270,000 after purchasing an additional 70 shares during the last quarter.

VanEck Oil Services ETF Trading Up 1.1 %

Shares of NYSEARCA OIH opened at $307.08 on Friday. The stock’s 50-day moving average is $288.19 and its 200 day moving average is $301.82. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a 1-year low of $262.18 and a 1-year high of $353.25.

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.