Ashton Thomas Private Wealth LLC Decreases Stock Holdings in VanEck Oil Services ETF (NYSEARCA:OIH)

Ashton Thomas Private Wealth LLC trimmed its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,379 shares of the company’s stock after selling 151 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in VanEck Oil Services ETF were worth $391,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OIH. Comerica Bank raised its position in shares of VanEck Oil Services ETF by 10.8% in the 1st quarter. Comerica Bank now owns 1,802 shares of the company’s stock worth $606,000 after acquiring an additional 176 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in VanEck Oil Services ETF during the second quarter valued at $2,489,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of VanEck Oil Services ETF by 6.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 160,512 shares of the company’s stock valued at $53,986,000 after buying an additional 10,358 shares in the last quarter. DRW Securities LLC grew its position in shares of VanEck Oil Services ETF by 297.3% in the 2nd quarter. DRW Securities LLC now owns 4,323 shares of the company’s stock worth $1,367,000 after buying an additional 3,235 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of VanEck Oil Services ETF in the 2nd quarter worth about $275,000.

VanEck Oil Services ETF Stock Performance

Shares of OIH opened at $296.86 on Friday. VanEck Oil Services ETF has a fifty-two week low of $262.18 and a fifty-two week high of $353.25. The firm’s 50-day simple moving average is $285.33 and its two-hundred day simple moving average is $302.50. The stock has a market cap of $1.86 billion, a PE ratio of 18.96 and a beta of 0.81.

VanEck Oil Services ETF Company 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.