VanEck Oil Services ETF (NYSEARCA:OIH) Reaches New 52-Week High – Should You Buy?

VanEck Oil Services ETF (NYSEARCA:OIHGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $406.12 and last traded at $397.9680, with a volume of 232060 shares changing hands. The stock had previously closed at $396.97.

Key Headlines Impacting VanEck Oil Services ETF

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

VanEck Oil Services ETF Stock Performance

The company has a 50-day simple moving average of $344.41 and a 200-day simple moving average of $297.05. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 10.97 and a beta of 1.16.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its holdings in VanEck Oil Services ETF by 66.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock valued at $25,000 after acquiring an additional 35 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of VanEck Oil Services ETF by 1.6% in the 4th 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 in the last quarter. Titleist Asset Management LLC increased its holdings 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 valued at $386,000 after purchasing an additional 65 shares in the last quarter. Lyell Wealth Management LP lifted its stake in shares of VanEck Oil Services ETF by 6.5% in the third quarter. Lyell Wealth Management LP now owns 1,369 shares of the company’s stock valued at $356,000 after purchasing an additional 83 shares during the period. Finally, CreativeOne Wealth LLC boosted its holdings in VanEck Oil Services ETF by 6.8% during the third quarter. CreativeOne Wealth LLC now owns 1,415 shares of the company’s stock worth $368,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

About VanEck Oil Services ETF

(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.

Further Reading

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.