Truist Financial Corp grew its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,384 shares of the company’s stock after acquiring an additional 463 shares during the period. Truist Financial Corp owned 0.13% of VanEck Oil Services ETF worth $1,240,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. acquired a new stake in VanEck Oil Services ETF during the first quarter valued at $26,000. Lowe Wealth Advisors LLC purchased a new stake in shares of VanEck Oil Services ETF during the 2nd quarter worth about $31,000. Headlands Technologies LLC acquired a new stake in shares of VanEck Oil Services ETF during the 1st quarter valued at about $45,000. Banque Cantonale Vaudoise bought a new stake in shares of VanEck Oil Services ETF in the 1st quarter valued at approximately $54,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in VanEck Oil Services ETF in the first quarter worth approximately $227,000. 94.50% of the stock is currently owned by hedge funds and other institutional investors.
VanEck Oil Services ETF Stock Performance
Shares of OIH opened at $242.45 on Monday. The firm has a market cap of $897.07 million, a PE ratio of 10.97 and a beta of 1.99. The firm’s 50 day moving average price is $252.24 and its 200 day moving average price is $237.80. VanEck Oil Services ETF has a twelve month low of $191.21 and a twelve month high of $311.28.
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.
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