VanEck Oil Services ETF (NYSEARCA:OIH) Sets New 12-Month High – Here’s Why

VanEck Oil Services ETF (NYSEARCA:OIHGet Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $400.44 and last traded at $392.55, with a volume of 673123 shares trading hands. The stock had previously closed at $389.55.

Key Headlines Impacting VanEck Oil Services ETF

Here are the key news stories impacting VanEck Oil Services ETF this week:

VanEck Oil Services ETF Price Performance

The company has a 50 day moving average of $331.12 and a two-hundred day moving average of $290.38. The company has a market capitalization of $2.34 billion, a PE ratio of 10.97 and a beta of 1.16.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OIH. SBI Securities Co. Ltd. boosted its stake in VanEck Oil Services ETF by 66.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock worth $25,000 after acquiring an additional 35 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of VanEck Oil Services ETF by 1.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,257 shares of the company’s stock valued at $643,000 after purchasing an additional 36 shares during the last quarter. Titleist Asset Management LLC boosted its position in shares of VanEck Oil Services ETF by 5.0% in the 4th quarter. Titleist Asset Management LLC now owns 1,355 shares of the company’s stock worth $386,000 after purchasing an additional 65 shares in the last quarter. Lyell Wealth Management LP grew its stake in shares of VanEck Oil Services ETF by 6.5% in the 3rd quarter. Lyell Wealth Management LP now owns 1,369 shares of the company’s stock worth $356,000 after buying an additional 83 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its position in VanEck Oil Services ETF by 6.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,415 shares of the company’s stock valued at $368,000 after buying an additional 90 shares in the last quarter. 94.50% of the stock is currently owned by institutional investors.

VanEck Oil Services ETF Company Profile

(Get Free Report)

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.

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