Simplicity Solutions LLC Takes $308,000 Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Simplicity Solutions LLC bought a new stake in VanEck Oil Services ETF (NYSEARCA:OIH) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 994 shares of the company’s stock, valued at approximately $308,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OIH. Jane Street Group LLC boosted its stake in shares of VanEck Oil Services ETF by 2,392.4% in the 1st quarter. Jane Street Group LLC now owns 241,389 shares of the company’s stock valued at $66,896,000 after purchasing an additional 231,704 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of VanEck Oil Services ETF in the third quarter valued at about $44,855,000. Wells Fargo & Company MN raised its holdings in shares of VanEck Oil Services ETF by 29.6% in the second quarter. Wells Fargo & Company MN now owns 462,837 shares of the company’s stock valued at $133,112,000 after buying an additional 105,730 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of VanEck Oil Services ETF in the first quarter valued at about $16,894,000. Finally, Gendell Jeffrey L bought a new position in shares of VanEck Oil Services ETF in the third quarter valued at about $19,840,000.

VanEck Oil Services ETF Stock Up 0.8 %

VanEck Oil Services ETF stock opened at $323.86 on Friday. The stock has a 50-day simple moving average of $319.17 and a 200 day simple moving average of $314.61. VanEck Oil Services ETF has a 12-month low of $246.04 and a 12-month high of $364.08. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 20.26 and a beta of 0.86.

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.