JPMorgan Chase & Co. Has $156.24 Million Holdings in VanEck Oil Services ETF (NYSEARCA:OIH)

JPMorgan Chase & Co. trimmed its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 42.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 576,041 shares of the company’s stock after selling 426,959 shares during the period. JPMorgan Chase & Co. owned approximately 9.22% of VanEck Oil Services ETF worth $156,240,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in VanEck Oil Services ETF in the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC grew its position in shares of VanEck Oil Services ETF by 64.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 102 shares of the company’s stock worth $28,000 after buying an additional 40 shares during the period. Farther Finance Advisors LLC raised its stake in shares of VanEck Oil Services ETF by 64.6% during the fourth quarter. Farther Finance Advisors LLC now owns 130 shares of the company’s stock worth $35,000 after buying an additional 51 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in VanEck Oil Services ETF in the fourth quarter valued at approximately $62,000. Finally, Golden State Wealth Management LLC acquired a new stake in VanEck Oil Services ETF during the 4th quarter worth $153,000.

VanEck Oil Services ETF Stock Performance

Shares of VanEck Oil Services ETF stock opened at $266.11 on Wednesday. VanEck Oil Services ETF has a 52 week low of $241.01 and a 52 week high of $353.25. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.26 and a beta of 1.35. The firm has a fifty day moving average of $269.17 and a two-hundred day moving average of $280.47.

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.