VanEck Oil Services ETF $OIH Shares Newly Purchased by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC acquired a new stake in VanEck Oil Services ETF (NYSEARCA:OIH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,778 shares of the company’s stock, valued at approximately $6,348,000. VanEck Oil Services ETF accounts for 2.9% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Lake Hills Wealth Management LLC owned approximately 0.35% of VanEck Oil Services ETF as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Petra Financial Advisors Inc. purchased a new stake in VanEck Oil Services ETF during the first quarter worth $7,347,000. Arlington Capital Management Inc. purchased a new position in shares of VanEck Oil Services ETF in the second quarter valued at $9,317,000. Employees Provident Fund Board acquired a new position in shares of VanEck Oil Services ETF during the 4th quarter worth $69,336,000. Tidal Investments LLC raised 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 buying an additional 5,989 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of VanEck Oil Services ETF by 5.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 609,000 shares of the company’s stock worth $173,425,000 after buying an additional 31,000 shares in the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Stock Performance

NYSEARCA OIH traded down $11.96 during trading hours on Wednesday, reaching $379.50. The company’s stock had a trading volume of 169,033 shares, compared to its average volume of 444,628. The company’s 50-day moving average is $405.05 and its two-hundred day moving average is $406.51. VanEck Oil Services ETF has a fifty-two week low of $242.24 and a fifty-two week high of $459.28. The stock has a market cap of $1.82 billion, a PE ratio of 10.97 and a beta of 0.96.

More VanEck Oil Services ETF News

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

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.