4,434 Shares in VanEck Oil Services ETF $OIH Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,434 shares of the company’s stock, valued at approximately $1,263,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. owned 0.07% of VanEck Oil Services ETF at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Altfest L J & Co. Inc. acquired a new stake in VanEck Oil Services ETF during the 4th quarter worth approximately $3,262,000. Fortis Capital Advisors LLC acquired a new stake in VanEck Oil Services ETF during the 4th quarter worth approximately $2,535,000. JPMorgan Chase & Co. boosted its position in VanEck Oil Services ETF by 189.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,542 shares of the company’s stock worth $36,788,000 after buying an additional 92,676 shares during the period. Marks Wealth LLC acquired a new stake in VanEck Oil Services ETF during the 4th quarter worth approximately $8,129,000. Finally, Belpointe Asset Management LLC acquired a new stake in VanEck Oil Services ETF during the 4th quarter worth approximately $2,535,000. 94.50% of the stock is currently owned by institutional investors and hedge funds.

VanEck Oil Services ETF Price Performance

NYSEARCA:OIH opened at $443.96 on Friday. The firm’s 50 day simple moving average is $415.66 and its 200 day simple moving average is $356.71. VanEck Oil Services ETF has a one year low of $211.87 and a one year high of $459.28. The company has a market cap of $2.49 billion, a PE ratio of 10.97 and a beta of 0.89.

Key VanEck Oil Services ETF News

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Oil prices were supported by renewed concerns that U.S.-Iran talks could stall, keeping the Strait of Hormuz supply risk in focus and improving the backdrop for oil services demand. US oil prices rise as investors doubt breakthrough in US-Iran peace talks
• Positive Sentiment: Multiple reports said oil resumed its rally after Iran reportedly insisted enriched uranium remain in the country, a development seen as complicating negotiations and keeping crude prices elevated. Oil resumes rally as Iran reportedly wants to keep enriched uranium within the country
• Positive Sentiment: IEA comments that the oil market could enter a “red zone” by July-August if stocks keep dwindling highlighted tighter fundamentals and reinforced the bullish case for oil-related shares. Oil market could hit ‘red zone’ in July-August, IEA chief says
• Neutral Sentiment: Intraday oil trading remained choppy, as traders balanced Middle East supply worries against headlines suggesting diplomatic progress, leaving energy equities without a clear directional catalyst. Crude Oil Price Analysis – Oil Remains Choppy on Friday
• Negative Sentiment: Later reports noted some investors saw signs of progress in U.S.-Iran diplomacy, which eased immediate supply fears and pressured crude lower, a headwind for OIH. Oil Climbs on U.S.-Iran Uncertainty, Stock Market Rally Holds

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.