Pekin Hardy Strauss Inc. Grows Position in VanEck Oil Services ETF (NYSEARCA:OIH)

Pekin Hardy Strauss Inc. boosted its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 32.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,240 shares of the company’s stock after purchasing an additional 305 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in VanEck Oil Services ETF were worth $392,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of OIH. International Assets Investment Management LLC purchased a new stake in VanEck Oil Services ETF in the second quarter valued at approximately $57,000. Riverview Trust Co purchased a new stake in VanEck Oil Services ETF in the second quarter valued at approximately $62,000. Headlands Technologies LLC acquired a new position in VanEck Oil Services ETF during the first quarter valued at approximately $94,000. Benin Management CORP acquired a new position in VanEck Oil Services ETF during the first quarter valued at approximately $202,000. Finally, Pettinga Financial Advisors LLC acquired a new position in VanEck Oil Services ETF during the first quarter valued at approximately $214,000.

VanEck Oil Services ETF Stock Up 3.2 %

Shares of OIH stock opened at $285.93 on Wednesday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a fifty-two week low of $262.18 and a fifty-two week high of $363.21. The firm’s 50 day moving average price is $303.38 and its two-hundred day moving average price is $314.02.

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.