Kraft Davis & Associates LLC Acquires Shares of 4,022 VanEck Oil Services ETF (NYSEARCA:OIH)

Kraft Davis & Associates LLC acquired a new stake in VanEck Oil Services ETF (NYSEARCA:OIH) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,022 shares of the company’s stock, valued at approximately $1,230,000.

Other institutional investors also recently bought and sold shares of the company. Oak Family Advisors LLC acquired a new stake in VanEck Oil Services ETF in the fourth quarter valued at approximately $918,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of VanEck Oil Services ETF in the third quarter worth approximately $307,000. LPL Financial LLC boosted its stake in shares of VanEck Oil Services ETF by 24.0% in the third quarter. LPL Financial LLC now owns 106,298 shares of the company’s stock worth $36,677,000 after acquiring an additional 20,588 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of VanEck Oil Services ETF in the fourth quarter worth approximately $13,125,000. Finally, Kingswood Wealth Advisors LLC boosted its stake in shares of VanEck Oil Services ETF by 21.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,457 shares of the company’s stock worth $451,000 after acquiring an additional 256 shares during the last quarter.

VanEck Oil Services ETF Stock Performance

Shares of NYSEARCA:OIH traded up $2.63 during trading on Friday, reaching $323.86. The stock had a trading volume of 303,179 shares, compared to its average volume of 413,422. The business has a fifty day moving average price of $319.17 and a 200-day moving average price of $314.61. The stock has a market cap of $2.15 billion, a PE ratio of 20.26 and a beta of 0.86. VanEck Oil Services ETF has a 1-year low of $246.04 and a 1-year 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.