VanEck Oil Services ETF (NYSEARCA:OIH) Stake Raised by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC boosted its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 6.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,776 shares of the company’s stock after buying an additional 1,163 shares during the quarter. VanEck Oil Services ETF makes up about 2.4% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 8th biggest position. Hollow Brook Wealth Management LLC owned about 0.27% of VanEck Oil Services ETF worth $6,121,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ancora Advisors LLC raised its holdings in VanEck Oil Services ETF by 655.6% in the 3rd quarter. Ancora Advisors LLC now owns 136 shares of the company’s stock valued at $47,000 after acquiring an additional 118 shares during the last quarter. Larson Financial Group LLC raised its holdings 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 acquiring an additional 77 shares during the last quarter. Gradient Investments LLC raised its holdings 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 acquiring an additional 60 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in VanEck Oil Services ETF in the 3rd quarter valued at $91,000. Finally, ORG Partners LLC acquired a new stake in shares of VanEck Oil Services ETF during the 3rd quarter worth $104,000.

VanEck Oil Services ETF Stock Down 4.2 %

Shares of OIH stock traded down $13.80 on Tuesday, reaching $312.99. 474,691 shares of the stock were exchanged, compared to its average volume of 405,735. The stock has a market cap of $2.08 billion, a P/E ratio of 20.26 and a beta of 0.86. The firm has a 50 day moving average of $323.43 and a two-hundred day moving average of $313.78. VanEck Oil Services ETF has a 1-year low of $246.04 and a 1-year high of $364.08.

About VanEck Oil Services ETF

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.