WT Wealth Management Makes New $2.63 Million Investment in VanEck Oil Services ETF $OIH

WT Wealth Management acquired a new stake in VanEck Oil Services ETF (NYSEARCA:OIH) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,508 shares of the company’s stock, valued at approximately $2,630,000. WT Wealth Management owned about 0.13% of VanEck Oil Services ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OIH. SBI Securities Co. Ltd. increased its stake in shares of VanEck Oil Services ETF by 66.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock valued at $25,000 after purchasing an additional 35 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in 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 acquiring an additional 36 shares during the period. Titleist Asset Management LLC increased its holdings in 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 acquiring an additional 65 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in VanEck Oil Services ETF by 6.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,415 shares of the company’s stock worth $368,000 after acquiring an additional 90 shares in the last quarter. Finally, Wexford Capital LP acquired a new position in VanEck Oil Services ETF during the third quarter worth $27,000. 94.50% of the stock is owned by institutional investors and hedge funds.

VanEck Oil Services ETF Stock Down 1.3%

OIH opened at $375.55 on Friday. The firm’s fifty day simple moving average is $422.43 and its two-hundred day simple moving average is $378.44. VanEck Oil Services ETF has a 52-week low of $227.68 and a 52-week high of $459.28. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 10.97 and a beta of 0.85.

Trending Headlines about VanEck Oil Services ETF

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

• Positive Sentiment: Natural gas prices are rising on hotter U.S. weather forecasts, which could support broader energy sentiment and partially offset weakness in crude-linked assets. U.S. Natural Gas Futures Extend Gains on Coming Hot Weather
• Neutral Sentiment: Oil market commentators say prices may be nearing support after a sharp pullback, with some technical indicators suggesting the selloff could stabilize soon. Crude Oil Price Forecast: Can Oil Rebound from Oversold Conditions?
• Neutral Sentiment: There are still lingering supply-disruption risks after an Iranian attack on a cargo ship near Oman, but markets largely viewed the event as not enough to reverse the broader decline in oil prices. Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
• Negative Sentiment: Crude oil fell below $70 a barrel as traders focused on improving flow through Hormuz and less concern about supply disruption, reducing the near-term earnings outlook for oilfield service companies. US crude oil falls below $70 a barrel despite Iranian attack on cargo ship
• Negative Sentiment: Multiple reports describe oil prices sliding back toward pre-war levels as Middle East tensions ease and tankers resume movement, a headwind for the oil services sector. Oil prices fall as tankers exit Strait of Hormuz

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.