VanEck Vietnam ETF (BATS:VNM – Get Free Report)’s share price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $17.07 and traded as low as $16.96. VanEck Vietnam ETF shares last traded at $17.02, with a volume of 670,291 shares traded.
VanEck Vietnam ETF Trading Down 1.0%
The firm has a market capitalization of $467.20 million, a price-to-earnings ratio of 11.70 and a beta of 0.96. The firm has a 50 day moving average price of $17.07 and a two-hundred day moving average price of $17.83.
Institutional Investors Weigh In On VanEck Vietnam ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VNM. Fifth Third Bancorp lifted its position in shares of VanEck Vietnam ETF by 75.0% during the third quarter. Fifth Third Bancorp now owns 2,334 shares of the company’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Group One Trading LLC boosted its holdings in shares of VanEck Vietnam ETF by 3,043.5% during the first quarter. Group One Trading LLC now owns 2,892 shares of the company’s stock valued at $50,000 after acquiring an additional 2,800 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in VanEck Vietnam ETF in the 2nd quarter worth about $133,000. Stelac Advisory Services LLC acquired a new position in VanEck Vietnam ETF in the 3rd quarter valued at approximately $138,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of VanEck Vietnam ETF by 55.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,916 shares of the company’s stock worth $466,000 after acquiring an additional 9,600 shares in the last quarter.
About VanEck Vietnam ETF
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.
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