VanEck Oil Services ETF (NYSEARCA:OIH – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 567,419 shares traded hands during mid-day trading, an increase of 76% from the previous session’s volume of 322,666 shares.The stock last traded at $279.07 and had previously closed at $279.80.
VanEck Oil Services ETF Stock Performance
The firm has a 50-day moving average of $286.16 and a 200-day moving average of $294.35. The firm has a market capitalization of $1.75 billion, a P/E ratio of 18.96 and a beta of 0.81.
Institutional Investors Weigh In On VanEck Oil Services ETF
Several institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. raised its stake in VanEck Oil Services ETF by 1,946.8% in the third quarter. Citigroup Inc. now owns 288,356 shares of the company’s stock worth $81,809,000 after buying an additional 274,268 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of VanEck Oil Services ETF by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock worth $284,561,000 after acquiring an additional 154,738 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of VanEck Oil Services ETF by 154.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 127,000 shares of the company’s stock worth $36,031,000 after acquiring an additional 77,000 shares in the last quarter. Savoie Capital LLC purchased a new position in shares of VanEck Oil Services ETF in the 3rd quarter valued at approximately $5,617,000. Finally, Sollinda Capital Management LLC bought a new stake in shares of VanEck Oil Services ETF during the third quarter valued at approximately $4,111,000.
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.
Featured Stories
- Five stocks we like better than VanEck Oil Services ETF
- Business Services Stocks Investing
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- What Are Dividend Achievers? An Introduction
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- What Do S&P 500 Stocks Tell Investors About the Market?
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
Receive News & Ratings for VanEck Oil Services ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Oil Services ETF and related companies with MarketBeat.com's FREE daily email newsletter.
