National Wealth Management Group LLC Decreases Holdings in VanEck Oil Services ETF (NYSEARCA:OIH)

National Wealth Management Group LLC decreased its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 23.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,150 shares of the company’s stock after selling 362 shares during the quarter. National Wealth Management Group LLC’s holdings in VanEck Oil Services ETF were worth $356,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ancora Advisors LLC boosted its stake in shares of VanEck Oil Services ETF by 655.6% during the 3rd quarter. Ancora Advisors LLC now owns 136 shares of the company’s stock worth $47,000 after acquiring an additional 118 shares in the last quarter. Larson Financial Group LLC lifted its stake in VanEck Oil Services ETF by 118.5% in the 3rd quarter. Larson Financial Group LLC now owns 142 shares of the company’s stock valued at $49,000 after buying an additional 77 shares in the last quarter. Gradient Investments LLC lifted its stake in VanEck Oil Services ETF by 42.6% in the 3rd quarter. Gradient Investments LLC now owns 201 shares of the company’s stock valued at $69,000 after buying an additional 60 shares in the last quarter. Sheets Smith Wealth Management purchased a new stake in VanEck Oil Services ETF in the 3rd quarter valued at approximately $91,000. Finally, ORG Partners LLC purchased a new stake in VanEck Oil Services ETF in the 3rd quarter valued at approximately $104,000.

VanEck Oil Services ETF Stock Performance

OIH stock traded down $1.35 on Monday, reaching $322.51. The company had a trading volume of 340,153 shares, compared to its average volume of 412,470. VanEck Oil Services ETF has a 1 year low of $246.04 and a 1 year high of $364.08. The company’s fifty day moving average is $319.78 and its 200 day moving average is $314.40. The company has a market cap of $2.14 billion, a P/E ratio of 20.26 and a beta of 0.86.

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.