JP Wealth Management Inc. Invests $5.86 Million in VanEck Digital Transformation ETF $DAPP

JP Wealth Management Inc. acquired a new stake in VanEck Digital Transformation ETF (NASDAQ:DAPP) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 269,570 shares of the company’s stock, valued at approximately $5,863,000. VanEck Digital Transformation ETF makes up about 3.9% of JP Wealth Management Inc.’s holdings, making the stock its 8th biggest holding. JP Wealth Management Inc. owned approximately 1.87% of VanEck Digital Transformation ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Group One Trading LLC lifted its holdings in shares of VanEck Digital Transformation ETF by 77.6% in the second quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock worth $53,000 after acquiring an additional 1,408 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in VanEck Digital Transformation ETF by 6.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 24,343 shares of the company’s stock worth $403,000 after purchasing an additional 1,493 shares in the last quarter. Flagstar Advisors Inc. lifted its stake in VanEck Digital Transformation ETF by 2.5% in the 2nd quarter. Flagstar Advisors Inc. now owns 72,184 shares of the company’s stock valued at $1,195,000 after purchasing an additional 1,789 shares during the last quarter. Western Wealth Management LLC lifted its stake in VanEck Digital Transformation ETF by 9.7% in the 2nd quarter. Western Wealth Management LLC now owns 30,200 shares of the company’s stock valued at $500,000 after purchasing an additional 2,676 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in VanEck Digital Transformation ETF by 91.3% in the second quarter. Qube Research & Technologies Ltd now owns 9,019 shares of the company’s stock valued at $149,000 after buying an additional 4,304 shares in the last quarter.

VanEck Digital Transformation ETF Stock Performance

Shares of DAPP opened at $17.89 on Thursday. VanEck Digital Transformation ETF has a 52 week low of $7.80 and a 52 week high of $27.49. The stock has a market capitalization of $286.52 million, a price-to-earnings ratio of 2.89 and a beta of 3.50. The stock has a fifty day moving average of $20.23 and a 200-day moving average of $19.14.

VanEck Digital Transformation ETF Company Profile

The VanEck Digital Transformation ETF (DAPP) is an exchange-traded fund that is based on the MVIS Global Digital Assets Equity index, a market-cap-weighted index of global innovative companies that are involved in the digitalization of the worlds economy through a diverse range of digital assets. DAPP was launched on Apr 12, 2021 and is managed by VanEck.