Prospera Financial Services Inc Buys New Shares in VanEck Oil Services ETF $OIH

Prospera Financial Services Inc bought a new stake in VanEck Oil Services ETF (NYSEARCA:OIH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,953 shares of the company’s stock, valued at approximately $1,695,000.

Several other hedge funds have also recently made changes to their positions in OIH. SBI Securities Co. Ltd. increased its position in shares of VanEck Oil Services ETF by 66.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock valued at $25,000 after acquiring an additional 35 shares during the period. Wexford Capital LP acquired a new position in shares of VanEck Oil Services ETF in the 3rd quarter valued at $27,000. Founders Financial Alliance LLC acquired a new position in shares of VanEck Oil Services ETF in the 3rd quarter valued at $33,000. Advisory Services Network LLC acquired a new position in shares of VanEck Oil Services ETF in the 3rd quarter valued at $43,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of VanEck Oil Services ETF in the 2nd quarter valued at $53,000. 94.50% of the stock is owned by institutional investors and hedge funds.

VanEck Oil Services ETF Price Performance

NYSEARCA OIH opened at $425.53 on Thursday. The stock’s fifty day moving average price is $419.59 and its 200 day moving average price is $360.45. VanEck Oil Services ETF has a 1 year low of $215.10 and a 1 year high of $459.28. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 10.97 and a beta of 0.89.

VanEck Oil Services ETF News Summary

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

• Neutral Sentiment: Oil markets remain highly volatile as traders react to shifting reports on U.S.-Iran negotiations, with several outlets saying a potential framework deal could reopen the Strait of Hormuz and reduce near-term supply fears. U.S. oil falls below $89 on report Iran agreement would restore Hormuz traffic in one month
• Neutral Sentiment: Crude prices fell sharply as hopes for de-escalation and reopening of the Strait of Hormuz outweighed earlier supply-risk fears, which can soften demand expectations for oil services shares. Oil pulls back as traders look for progress on US-Iran talks
• Neutral Sentiment: Some analysts still warn that the Strait of Hormuz could remain constrained for months, which would keep energy markets on edge and could provide support for oil-services equities if tensions re-escalate. Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
• Negative Sentiment: Multiple reports say crude broke lower technically and extended its pullback on easing geopolitical risk, a setup that tends to pressure oil-linked ETFs like OIH. Crude Oil Price Forecast: Breakdown Signals Deeper Pullback Risk

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.