46,714 Shares in VanEck Oil Services ETF $OIH Acquired by Acorn Financial Advisory Services Inc. ADV

Acorn Financial Advisory Services Inc. ADV bought a new position in VanEck Oil Services ETF (NYSEARCA:OIH) during the first quarter, HoldingsChannel.com reports. The fund bought 46,714 shares of the company’s stock, valued at approximately $18,882,000. VanEck Oil Services ETF comprises about 2.6% of Acorn Financial Advisory Services Inc. ADV’s holdings, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Employees Provident Fund Board bought a new position in VanEck Oil Services ETF in the 4th quarter worth about $69,336,000. JPMorgan Chase & Co. grew its holdings in shares of VanEck Oil Services ETF by 189.7% during the third quarter. JPMorgan Chase & Co. now owns 141,542 shares of the company’s stock valued at $36,788,000 after buying an additional 92,676 shares during the last quarter. Gendell Jeffrey L increased its position in shares of VanEck Oil Services ETF by 79.9% during the fourth quarter. Gendell Jeffrey L now owns 146,532 shares of the company’s stock valued at $41,728,000 after acquiring an additional 65,084 shares in the last quarter. Red Cedar Investment Management LLC bought a new stake in shares of VanEck Oil Services ETF during the fourth quarter valued at approximately $15,506,000. Finally, Graham Capital Management L.P. purchased a new position in VanEck Oil Services ETF in the 4th quarter worth approximately $13,669,000. 94.50% of the stock is currently owned by institutional investors.

Key Stories Impacting VanEck Oil Services ETF

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

• Negative Sentiment: Oil prices fell as investors focused on potential U.S.-Iran talks in Doha, reducing concern about a broader supply disruption in the Middle East. Oil falls as investors focus on potential Iran-US talks in Doha
• Negative Sentiment: Analysts and strategists are increasingly cutting longer-term oil price forecasts, arguing that weaker demand is overpowering geopolitical risks. Why Wall Street Thinks Cheap Oil Is Here to Stay
• Negative Sentiment: Technical commentary says crude has broken below key moving averages and is testing support, signaling continued downside risk if oil fails to stabilize. Crude Oil Price Forecast: Bearish Pressure Meets Key Support
• Negative Sentiment: Reports also highlight that oil markets are pulling back as negotiations continue, while major banks and the White House have suggested more supply could be coming and prices may drop further. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back As U.S. Negotiators Arrive In Doha

VanEck Oil Services ETF Trading Down 0.3%

Shares of OIH opened at $372.03 on Wednesday. The business’s fifty day simple moving average is $421.17 and its two-hundred day simple moving average is $379.91. VanEck Oil Services ETF has a 12 month low of $227.68 and a 12 month high of $459.28. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 10.97 and a beta of 0.85.

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.