Pekin Hardy Strauss Inc. purchased a new position in shares of VanEck ChiNext ETF (NYSEARCA:CNXT – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,930 shares of the company’s stock, valued at approximately $853,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNXT. Group One Trading LLC grew its position in VanEck ChiNext ETF by 1,500.0% during the first quarter. Group One Trading LLC now owns 3,200 shares of the company’s stock valued at $145,000 after buying an additional 3,000 shares during the period. Cetera Investment Advisers purchased a new position in VanEck ChiNext ETF in the first quarter valued at $203,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in VanEck ChiNext ETF in the second quarter valued at $323,000. Finally, Vontobel Holding Ltd. acquired a new position in shares of VanEck ChiNext ETF in the third quarter worth about $280,000. Institutional investors and hedge funds own 36.93% of the company’s stock.
VanEck ChiNext ETF Trading Down 0.2%
Shares of VanEck ChiNext ETF stock traded down $0.08 during trading hours on Friday, reaching $35.75. The stock had a trading volume of 53,804 shares, compared to its average volume of 87,586. The stock’s 50 day moving average is $43.32 and its 200 day moving average is $48.97. The firm has a market capitalization of $62.56 million, a PE ratio of 27.22 and a beta of 0.72. VanEck ChiNext ETF has a twelve month low of $34.48 and a twelve month high of $62.59.
VanEck ChiNext ETF Profile
The VanEck ChiNext ETF (CNXT) is an exchange-traded fund that is based on the ChiNext – RMB index. The fund tracks a cap-weighted index of 100 small- and medium-size companies traded on the SME Board and ChiNext Board of the Shenzhen Stock Exchange. CNXT was launched on Jul 23, 2014 and is managed by VanEck.
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