Janney Montgomery Scott LLC Reduces Stock Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Janney Montgomery Scott LLC lessened its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIHGet Rating) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,309 shares of the company’s stock after selling 823 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.15% of VanEck Oil Services ETF worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in VanEck Oil Services ETF by 30.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 140,629 shares of the company’s stock valued at $32,710,000 after buying an additional 32,738 shares during the period. Credit Suisse AG grew its holdings in VanEck Oil Services ETF by 30.8% in the 3rd quarter. Credit Suisse AG now owns 100,186 shares of the company’s stock valued at $21,161,000 after buying an additional 23,580 shares during the period. Two Sigma Investments LP grew its holdings in VanEck Oil Services ETF by 345.7% in the 3rd quarter. Two Sigma Investments LP now owns 80,813 shares of the company’s stock valued at $17,069,000 after buying an additional 62,683 shares during the period. Clearbridge Investments LLC purchased a new stake in VanEck Oil Services ETF in the 1st quarter valued at about $16,894,000. Finally, Barclays PLC grew its holdings in VanEck Oil Services ETF by 26.5% in the 3rd quarter. Barclays PLC now owns 51,814 shares of the company’s stock valued at $10,944,000 after buying an additional 10,842 shares during the period.

VanEck Oil Services ETF Price Performance

OIH opened at $277.82 on Friday. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 19.88 and a beta of 2.06. The business has a 50-day moving average of $292.84 and a two-hundred day moving average of $296.24. VanEck Oil Services ETF has a 12 month low of $195.77 and a 12 month high of $336.30.

VanEck Oil Services ETF Profile

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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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Institutional Ownership by Quarter for VanEck Oil Services ETF (NYSEARCA:OIH)

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