Rye Brook Capital LLC Cuts Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Rye Brook Capital LLC lessened its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,700 shares of the company’s stock after selling 100 shares during the quarter. VanEck Oil Services ETF comprises 0.6% of Rye Brook Capital LLC’s portfolio, making the stock its 21st biggest holding. Rye Brook Capital LLC’s holdings in VanEck Oil Services ETF were worth $1,145,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of VanEck Oil Services ETF by 535.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Synovus Financial Corp bought a new stake in shares of VanEck Oil Services ETF in the 1st quarter valued at approximately $253,000. Vontobel Holding Ltd. bought a new stake in shares of VanEck Oil Services ETF in the 1st quarter valued at approximately $861,000. Blair William & Co. IL lifted its stake in shares of VanEck Oil Services ETF by 13.0% in the 1st quarter. Blair William & Co. IL now owns 1,033 shares of the company’s stock valued at $292,000 after purchasing an additional 119 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of VanEck Oil Services ETF by 581.0% during the 1st quarter. Cetera Investment Advisers now owns 13,143 shares of the company’s stock worth $3,713,000 after acquiring an additional 11,213 shares during the last quarter.

VanEck Oil Services ETF Trading Down 1.5 %

Shares of OIH stock traded down $4.92 on Monday, reaching $329.25. 605,516 shares of the company’s stock were exchanged, compared to its average volume of 416,918. VanEck Oil Services ETF has a 52 week low of $246.04 and a 52 week high of $364.08. The stock has a market capitalization of $2.45 billion, a PE ratio of 19.88 and a beta of 1.99. The company’s fifty day simple moving average is $315.45 and its 200 day simple moving average is $314.93.

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.