VanEck Vietnam ETF (BATS:VNM) Trading 0.5% Higher – Should You Buy?

Shares of VanEck Vietnam ETF (BATS:VNM) shot up 0.5% during trading on Monday . The stock traded as high as $18.48 and last traded at $18.44. 327,031 shares were traded during trading, a decline of 62% from the average session volume of 849,563 shares. The stock had previously closed at $18.35.

VanEck Vietnam ETF Trading Up 0.5%

The stock’s 50-day moving average is $18.70 and its 200-day moving average is $18.47. The company has a market cap of $569.80 million, a price-to-earnings ratio of 15.31 and a beta of 0.91.

Hedge Funds Weigh In On VanEck Vietnam ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. CacheTech Inc. grew its stake in shares of VanEck Vietnam ETF by 7.1% in the 1st quarter. CacheTech Inc. now owns 828,237 shares of the company’s stock valued at $14,337,000 after buying an additional 55,015 shares during the period. Adams Wealth Management raised its stake in VanEck Vietnam ETF by 113.2% during the 4th quarter. Adams Wealth Management now owns 739,568 shares of the company’s stock worth $14,111,000 after buying an additional 392,744 shares during the period. UBS Group AG boosted its holdings in VanEck Vietnam ETF by 8.9% in the third quarter. UBS Group AG now owns 502,958 shares of the company’s stock worth $8,973,000 after acquiring an additional 41,245 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in VanEck Vietnam ETF by 17.7% in the fourth quarter. JPMorgan Chase & Co. now owns 448,688 shares of the company’s stock worth $8,561,000 after acquiring an additional 67,449 shares in the last quarter. Finally, Black Swift Group LLC boosted its holdings in VanEck Vietnam ETF by 181.4% in the fourth quarter. Black Swift Group LLC now owns 317,090 shares of the company’s stock worth $6,054,000 after acquiring an additional 204,410 shares in the last quarter.

VanEck Vietnam ETF Company Profile

The VanEck Vietnam ETF (VNM) is an exchange-traded fund that is based on the MVIS Vietnam index, a market-cap-weighted index of Vietnamese stocks VNM was launched on Aug 14, 2009 and is managed by VanEck.