Red Cedar Investment Management LLC Takes Position in VanEck Oil Services ETF $OIH

Red Cedar Investment Management LLC bought a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 54,452 shares of the company’s stock, valued at approximately $15,506,000. VanEck Oil Services ETF accounts for 1.7% of Red Cedar Investment Management LLC’s holdings, making the stock its 14th biggest position. Red Cedar Investment Management LLC owned 0.92% of VanEck Oil Services ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OIH. NewEdge Advisors LLC raised its stake in shares of VanEck Oil Services ETF by 30.5% during the first quarter. NewEdge Advisors LLC now owns 2,629 shares of the company’s stock valued at $689,000 after purchasing an additional 614 shares during the period. Creative Planning grew its holdings in VanEck Oil Services ETF by 42.9% during the 2nd quarter. Creative Planning now owns 1,150 shares of the company’s stock valued at $265,000 after purchasing an additional 345 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in VanEck Oil Services ETF during the 2nd quarter valued at $53,000. The Manufacturers Life Insurance Company increased its stake in VanEck Oil Services ETF by 148.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,244 shares of the company’s stock worth $1,668,000 after buying an additional 4,324 shares during the period. Finally, Raymond James Financial Inc. increased its stake in VanEck Oil Services ETF by 88.2% during the 2nd quarter. Raymond James Financial Inc. now owns 24,713 shares of the company’s stock worth $5,691,000 after buying an additional 11,583 shares during the period. 94.50% of the stock is owned by institutional investors and hedge funds.

VanEck Oil Services ETF News Summary

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: U.S. crude inventories fell for an eighth straight week, and gasoline stocks also declined, signaling tighter supply conditions that could support higher oil prices and energy-sector spending. API shows US crude inventories fell for two straight months, sources say
• Positive Sentiment: Geopolitical tension around Iran, Israel, and the Strait of Hormuz has kept a risk premium in crude, with several reports noting supply disruption fears and alternate pipeline planning. That can benefit oil services names if producers prepare for tighter supply. Kuwait’s oil stocks fall as two tankers exit Gulf, Kpler says
• Neutral Sentiment: Several technical market updates say crude is volatile and trading in a range, suggesting oil prices are not yet establishing a clear breakout in either direction. Crude Oil Price Analysis – Oil Continues to See Range Play Out
• Negative Sentiment: Multiple articles say crude has softened as ceasefire hopes and signs of easing Middle East hostilities reduced the geopolitical premium, which could weigh on oil-related equities if prices stay lower. Oil Prices Fall as Iran and Israel Heed Trump’s Call for Ceasefire
• Negative Sentiment: Saudi Arabia cut July crude prices for Asia amid slowing demand, a sign that near-term global demand is cooling and may pressure energy service spending. Saudi Arabia sharply cuts July OSP for Asia amid slow demand

VanEck Oil Services ETF Price Performance

NYSEARCA:OIH opened at $420.75 on Wednesday. The firm has a 50-day moving average of $424.25 and a two-hundred day moving average of $369.28. The stock has a market cap of $2.36 billion, a P/E ratio of 10.97 and a beta of 0.85. VanEck Oil Services ETF has a 1-year low of $226.59 and a 1-year high of $459.28.

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.