Verity Asset Management Inc. Raises Stake in Market Vectors Oil Services ETF (NYSE:OIH)

Verity Asset Management Inc. raised its stake in Market Vectors Oil Services ETF (NYSE:OIH) by 26.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,440 shares of the company’s stock after acquiring an additional 8,794 shares during the period. Market Vectors Oil Services ETF accounts for approximately 0.8% of Verity Asset Management Inc.’s portfolio, making the stock its 28th largest position. Verity Asset Management Inc.’s holdings in Market Vectors Oil Services ETF were worth $1,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OIH. Wharton Business Group LLC acquired a new position in Market Vectors Oil Services ETF in the second quarter valued at $105,000. Captrust Financial Advisors purchased a new stake in shares of Market Vectors Oil Services ETF in the second quarter valued at about $106,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Market Vectors Oil Services ETF in the second quarter valued at about $112,000. Spinnaker Trust raised its holdings in shares of Market Vectors Oil Services ETF by 13.1% in the second quarter. Spinnaker Trust now owns 14,497 shares of the company’s stock valued at $359,000 after buying an additional 1,684 shares during the last quarter. Finally, Timber Hill LLC raised its holdings in shares of Market Vectors Oil Services ETF by 136.1% in the second quarter. Timber Hill LLC now owns 18,046 shares of the company’s stock valued at $447,000 after buying an additional 68,044 shares during the last quarter.

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Shares of Market Vectors Oil Services ETF (NYSE OIH) traded up 1.08% during midday trading on Friday, hitting $25.21. 4,031,760 shares of the stock were exchanged. The firm has a 50-day moving average price of $23.13 and a 200-day moving average price of $26.36. Market Vectors Oil Services ETF has a 12-month low of $21.70 and a 12-month high of $36.35.

Market Vectors Oil Services ETF Company Profile

Market Vectors Oil Services ETF (the Fund) is a non-diversified investment company. The Fund seeks to replicate the price and yield performance of the Market Vectors United States Listed Oil Services 25 Index (MVOIHTR). The Index is a rules-based index intended to track the overall performance of 25 of the United States listed publicly traded oil services companies.

Institutional Ownership by Quarter for Market Vectors Oil Services ETF (NYSE:OIH)

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