VanEck Digital Transformation ETF (NASDAQ:DAPP) Trading Up 1.3% – Still a Buy?

Shares of VanEck Digital Transformation ETF (NASDAQ:DAPPGet Free Report) were up 1.3% during trading on Wednesday . The stock traded as high as $18.85 and last traded at $18.83. 346,295 shares changed hands during trading, a decline of 53% from the average session volume of 743,914 shares. The stock had previously closed at $18.59.

VanEck Digital Transformation ETF Stock Up 1.3%

The company has a market cap of $244.41 million, a PE ratio of 2.89 and a beta of 3.46. The stock’s 50 day simple moving average is $18.50 and its two-hundred day simple moving average is $18.57.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

A number of institutional investors have recently added to or reduced their stakes in DAPP. Abound Financial LLC purchased a new position in shares of VanEck Digital Transformation ETF in the 4th quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in VanEck Digital Transformation ETF during the first quarter valued at approximately $29,000. Kestra Advisory Services LLC purchased a new stake in VanEck Digital Transformation ETF during the fourth quarter worth approximately $31,000. Group One Trading LLC grew its stake in VanEck Digital Transformation ETF by 77.6% during the second quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock worth $53,000 after buying an additional 1,408 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in shares of 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 worth $149,000 after acquiring an additional 4,304 shares in the last quarter.

VanEck Digital Transformation ETF Company Profile

(Get Free Report)

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.

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