Cetera Advisor Networks LLC Has $23.04 Million Stake in VanEck Oil Services ETF (NYSEARCA:OIH)

Cetera Advisor Networks LLC cut its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,115 shares of the company’s stock after selling 1,665 shares during the quarter. Cetera Advisor Networks LLC owned 1.08% of VanEck Oil Services ETF worth $23,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Morgan Stanley raised its stake in shares of VanEck Oil Services ETF by 3.3% in the fourth quarter. Morgan Stanley now owns 574,304 shares of the company’s stock worth $174,617,000 after purchasing an additional 18,308 shares during the last quarter. Jane Street Group LLC raised its stake in shares of VanEck Oil Services ETF by 2,392.4% in the first quarter. Jane Street Group LLC now owns 241,389 shares of the company’s stock worth $66,896,000 after purchasing an additional 231,704 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of VanEck Oil Services ETF by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 150,154 shares of the company’s stock worth $41,613,000 after purchasing an additional 9,525 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. purchased a new stake in shares of VanEck Oil Services ETF in the first quarter worth approximately $16,601,000. Finally, Clearbridge Investments LLC purchased a new stake in shares of VanEck Oil Services ETF in the first quarter worth approximately $16,894,000.

VanEck Oil Services ETF Trading Down 1.6 %

Shares of OIH opened at $321.18 on Thursday. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 19.88 and a beta of 1.99. The stock has a 50 day moving average of $338.84 and a 200 day moving average of $313.82. VanEck Oil Services ETF has a 12 month low of $246.04 and a 12 month high of $364.08.

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.