Hollow Brook Wealth Management LLC Has $6.65 Million Stake in VanEck Oil Services ETF (NYSEARCA:OIH)

Hollow Brook Wealth Management LLC grew its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,448 shares of the company’s stock after purchasing an additional 916 shares during the period. VanEck Oil Services ETF comprises approximately 2.0% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. Hollow Brook Wealth Management LLC’s holdings in VanEck Oil Services ETF were worth $6,652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Citigroup Inc. increased its stake in shares of VanEck Oil Services ETF by 1,946.8% in the 3rd quarter. Citigroup Inc. now owns 288,356 shares of the company’s stock valued at $81,809,000 after acquiring an additional 274,268 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in VanEck Oil Services ETF by 154.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 127,000 shares of the company’s stock valued at $36,031,000 after buying an additional 77,000 shares in the last quarter. Main Management ETF Advisors LLC raised its stake in VanEck Oil Services ETF by 2.6% during the 2nd quarter. Main Management ETF Advisors LLC now owns 50,775 shares of the company’s stock worth $16,054,000 after buying an additional 1,275 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in VanEck Oil Services ETF by 1.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 34,428 shares of the company’s stock worth $10,885,000 after buying an additional 549 shares during the period. Finally, Sollinda Capital Management LLC bought a new position in VanEck Oil Services ETF in the third quarter worth approximately $4,111,000.

VanEck Oil Services ETF Stock Up 0.7 %

NYSEARCA OIH opened at $303.30 on Monday. VanEck Oil Services ETF has a 52 week low of $262.18 and a 52 week high of $353.25. The business has a 50 day moving average price of $290.53 and a 200-day moving average price of $300.72. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81.

VanEck Oil Services ETF Company 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.