Commonwealth Equity Services LLC Boosts Stock Holdings in VanEck Oil Services ETF (NYSEARCA:OIH)

Commonwealth Equity Services LLC boosted its position in VanEck Oil Services ETF (NYSEARCA:OIH) by 19.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,918 shares of the company’s stock after purchasing an additional 953 shares during the period. Commonwealth Equity Services LLC’s holdings in VanEck Oil Services ETF were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Pacific Capital Wealth Advisors Inc. purchased a new position in VanEck Oil Services ETF in the fourth quarter valued at approximately $110,000. Northwest Financial Advisors purchased a new position in VanEck Oil Services ETF in the fourth quarter valued at approximately $138,000. Gradient Investments LLC lifted its stake in VanEck Oil Services ETF by 188.1% in the fourth quarter. Gradient Investments LLC now owns 579 shares of the company’s stock valued at $179,000 after purchasing an additional 378 shares during the last quarter. Essex Financial Services Inc. purchased a new position in VanEck Oil Services ETF in the first quarter valued at approximately $200,000. Finally, FNY Investment Advisers LLC purchased a new position in VanEck Oil Services ETF in the fourth quarter valued at approximately $185,000.

VanEck Oil Services ETF Stock Down 1.7 %

VanEck Oil Services ETF stock traded down $5.35 during trading on Friday, hitting $309.54. The stock had a trading volume of 185,327 shares, compared to its average volume of 388,193. VanEck Oil Services ETF has a 1 year low of $278.63 and a 1 year high of $364.08. The stock’s 50 day moving average is $313.88 and its two-hundred day moving average is $311.86. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81.

VanEck Oil Services ETF Profile

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.