Stratos Wealth Advisors LLC Takes Position in VanEck Oil Services ETF $OIH

Stratos Wealth Advisors LLC acquired a new position in VanEck Oil Services ETF (NYSEARCA:OIH) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,302 shares of the company’s stock, valued at approximately $761,000. Stratos Wealth Advisors LLC owned about 0.08% of VanEck Oil Services ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in OIH. Jones Financial Companies Lllp purchased a new stake in VanEck Oil Services ETF in the first quarter valued at approximately $6,741,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of VanEck Oil Services ETF in the 1st quarter valued at $5,529,000. Twin Tree Management LP lifted its stake in VanEck Oil Services ETF by 811.1% during the 2nd quarter. Twin Tree Management LP now owns 23,342 shares of the company’s stock worth $5,375,000 after acquiring an additional 20,780 shares in the last quarter. Sprott Inc. boosted its holdings in VanEck Oil Services ETF by 106.9% during the 1st quarter. Sprott Inc. now owns 1,124 shares of the company’s stock valued at $295,000 after acquiring an additional 17,300 shares during the period. Finally, Royal Bank of Canada grew its position in VanEck Oil Services ETF by 13.2% in the 1st quarter. Royal Bank of Canada now owns 86,776 shares of the company’s stock valued at $22,747,000 after acquiring an additional 10,093 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

VanEck Oil Services ETF Price Performance

Shares of NYSEARCA:OIH opened at $251.56 on Friday. The firm has a market capitalization of $930.77 million, a PE ratio of 10.97 and a beta of 1.99. The firm’s 50-day moving average is $253.47 and its two-hundred day moving average is $237.50. VanEck Oil Services ETF has a 1 year low of $191.21 and a 1 year high of $311.28.

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.