Concurrent Investment Advisors LLC Purchases Shares of 3,879 VanEck Oil Services ETF $OIH

Concurrent Investment Advisors LLC acquired a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,879 shares of the company’s stock, valued at approximately $1,443,000.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its holdings 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 worth $25,000 after buying an additional 35 shares in the last quarter. Wexford Capital LP acquired a new stake in VanEck Oil Services ETF during the 3rd quarter valued at $27,000. Advisors Preferred LLC bought a new position in VanEck Oil Services ETF in the 1st quarter valued at $31,000. Greykasell Wealth Strategies Inc. bought a new position in VanEck Oil Services ETF in the 4th quarter valued at $33,000. Finally, Empowered Funds LLC bought a new position in VanEck Oil Services ETF in the 4th quarter valued at $34,000. 94.50% of the stock is owned by institutional investors.

Key VanEck Oil Services ETF News

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

• Positive Sentiment: Crude’s breakout is the primary catalyst. Brent and WTI continued to rally, with Brent moving above $100 amid fears that tanker attacks and regional conflict could disrupt a major share of global oil flows. Sustained higher prices can encourage producers to increase drilling and raise spending on well completions, boosting demand for oilfield services. Brent crude rises above $100 a barrel as Middle East conflict escalates
• Positive Sentiment: OPEC+ left its October output policy unchanged. The decision suggests limited near-term additional supply from the producer group, particularly as the Iran conflict constrains physical exports and reduces OPEC+’s ability to stabilize the market. That supports oil prices and the revenue outlook for OIH’s energy-sector holdings. OPEC+ Keeps October Output Same: Oil ETFs in Focus
• Positive Sentiment: Diesel markets are expected to remain tight through winter. Limited spare refining capacity, Russia’s export restrictions and seasonal demand could keep refined-product markets firm, supporting upstream activity and energy-service demand. Global diesel supply to stay tight through winter

VanEck Oil Services ETF Stock Performance

VanEck Oil Services ETF stock opened at $429.35 on Thursday. The business’s fifty day moving average is $397.77 and its two-hundred day moving average is $405.05. The firm has a market cap of $2.13 billion, a P/E ratio of 10.97 and a beta of 0.90. VanEck Oil Services ETF has a 52 week low of $242.24 and a 52 week high of $459.28.

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.