Commonwealth Equity Services LLC Has $1.99 Million Stake in VanEck Oil Services ETF (NYSEARCA:OIH)

Commonwealth Equity Services LLC increased its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 19.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,918 shares of the company’s stock after purchasing an additional 953 shares during the period. Commonwealth Equity Services LLC owned approximately 0.09% of VanEck Oil Services ETF worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Pacific Capital Wealth Advisors Inc. acquired a new stake in VanEck Oil Services ETF during the 4th quarter worth approximately $110,000. Northwest Financial Advisors bought a new position in VanEck Oil Services ETF during the 4th quarter worth $138,000. Gradient Investments LLC increased its stake in VanEck Oil Services ETF by 188.1% during the 4th quarter. Gradient Investments LLC now owns 579 shares of the company’s stock worth $179,000 after acquiring an additional 378 shares during the period. Essex Financial Services Inc. bought a new position in VanEck Oil Services ETF during the 1st quarter worth $200,000. Finally, FNY Investment Advisers LLC bought a new position in VanEck Oil Services ETF during the 4th quarter worth $185,000.

VanEck Oil Services ETF Price Performance

VanEck Oil Services ETF stock traded down $5.35 during mid-day trading on Friday, reaching $309.54. 185,327 shares of the company were exchanged, compared to its average volume of 388,193. The company has a fifty day simple moving average of $313.88 and a 200-day simple moving average of $311.86. VanEck Oil Services ETF has a 12 month low of $278.63 and a 12 month high of $364.08. The firm has a market cap of $1.93 billion, a PE ratio of 18.96 and a beta of 0.81.

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.