IAG Wealth Partners LLC lowered its position in VanEck Natural Resources ETF (NYSEARCA:HAP – Free Report) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,095 shares of the company’s stock after selling 73,719 shares during the quarter. VanEck Natural Resources ETF accounts for approximately 2.0% of IAG Wealth Partners LLC’s holdings, making the stock its 19th biggest holding. IAG Wealth Partners LLC owned about 5.89% of VanEck Natural Resources ETF worth $18,342,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in VanEck Natural Resources ETF during the fourth quarter valued at approximately $32,000. PNC Financial Services Group Inc. bought a new stake in shares of VanEck Natural Resources ETF in the 4th quarter valued at approximately $42,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of VanEck Natural Resources ETF in the 4th quarter valued at approximately $90,000. Arax Advisory Partners acquired a new stake in shares of VanEck Natural Resources ETF during the 4th quarter valued at approximately $97,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of VanEck Natural Resources ETF during the 1st quarter valued at approximately $101,000.
VanEck Natural Resources ETF Stock Down 0.9%
Shares of HAP stock opened at $68.40 on Thursday. The business has a 50 day moving average of $71.22 and a two-hundred day moving average of $69.73. VanEck Natural Resources ETF has a 52 week low of $51.98 and a 52 week high of $74.63. The company has a market cap of $297.54 million, a P/E ratio of 16.60 and a beta of 0.65.
About VanEck Natural Resources ETF
The VanEck Natural Resources ETF (HAP) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a consumption-based index of global hard asset firms. HAP was launched on Aug 29, 2008 and is managed by VanEck.
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