Runnymede Capital Advisors Inc. Takes Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Runnymede Capital Advisors Inc. acquired a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 230 shares of the company’s stock, valued at approximately $62,000.

A number of other institutional investors have also recently made changes to their positions in OIH. Citigroup Inc. boosted its stake in shares of VanEck Oil Services ETF by 1,946.8% during the third quarter. Citigroup Inc. now owns 288,356 shares of the company’s stock valued at $81,809,000 after purchasing an additional 274,268 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of VanEck Oil Services ETF during the fourth quarter valued at approximately $47,194,000. JPMorgan Chase & Co. lifted its stake in VanEck Oil Services ETF by 18.2% in the third 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 lifted its stake in VanEck Oil Services ETF by 154.0% in the third 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 during the period. Finally, Floyd Financial Group LLC purchased a new stake in VanEck Oil Services ETF in the fourth quarter worth $5,925,000.

VanEck Oil Services ETF Stock Down 1.0 %

Shares of OIH stock opened at $259.00 on Friday. The stock has a fifty day moving average of $273.32 and a 200 day moving average of $280.87. VanEck Oil Services ETF has a 52 week low of $241.01 and a 52 week high of $353.25. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 11.70 and a beta of 1.72.

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.