Employees Provident Fund Board Purchases New Holdings in VanEck Oil Services ETF $OIH

Employees Provident Fund Board acquired a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 243,479 shares of the company’s stock, valued at approximately $69,336,000. Employees Provident Fund Board owned approximately 4.09% of VanEck Oil Services ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. increased its stake in shares of VanEck Oil Services ETF by 66.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock valued at $25,000 after purchasing an additional 35 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of VanEck Oil Services ETF by 1.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,257 shares of the company’s stock worth $643,000 after purchasing an additional 36 shares in the last quarter. Titleist Asset Management LLC boosted its position in shares of VanEck Oil Services ETF by 5.0% in the 4th quarter. Titleist Asset Management LLC now owns 1,355 shares of the company’s stock worth $386,000 after purchasing an additional 65 shares in the last quarter. CreativeOne Wealth LLC grew its stake in shares of VanEck Oil Services ETF by 6.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,415 shares of the company’s stock worth $368,000 after buying an additional 90 shares during the last quarter. Finally, Wexford Capital LP purchased a new stake in shares of VanEck Oil Services ETF in the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Price Performance

OIH stock opened at $385.49 on Friday. VanEck Oil Services ETF has a twelve month low of $226.59 and a twelve month high of $459.28. The firm has a market cap of $2.16 billion, a PE ratio of 10.97 and a beta of 0.85. The business has a 50 day moving average of $425.22 and a 200 day moving average of $375.67.

VanEck Oil Services ETF News Roundup

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

• Positive Sentiment: Some analysts and officials said oil flows through Hormuz may recover slowly, which could keep a floor under crude prices in the near term. Oil flows through Hormuz will take time to recover, banks say
• Positive Sentiment: OPEC reiterated a robust long-term demand outlook, saying there is no peak in sight for global oil demand, which supports the case for continued upstream activity over time. OPEC sticks to robust oil demand outlook, sees no peak to 2050
• Neutral Sentiment: Shipping through Hormuz has started to improve, but officials and market watchers said the normalization process could take months and remains sensitive to conditions in the region. Oil shipments rise in Hormuz although questions grow over Iran’s transit terms
• Neutral Sentiment: Industry coverage also noted that focus is shifting from the conflict itself to storage, shipping, and how quickly Gulf producers can ramp exports back up. Hormuz Reopening Shifts Focus to Gulf Oil Storage and Shipping
• Negative Sentiment: Multiple reports said oil prices fell sharply as the Strait of Hormuz reopened or was expected to reopen, with traders pricing in a return of stranded supply and a potential demand-side headwind for energy services stocks. Oil falls as supply starts moving through Strait of Hormuz

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.