Magnolia Capital Advisors LLC Has $3.24 Million Stake in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ)

Magnolia Capital Advisors LLC decreased its position in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) by 3.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 78,317 shares of the company’s stock after selling 3,002 shares during the quarter. VanEck Long/Flat Trend ETF accounts for about 2.4% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Magnolia Capital Advisors LLC owned about 0.10% of VanEck Long/Flat Trend ETF worth $3,242,000 as of its most recent SEC filing.

Separately, Avantax Advisory Services Inc. boosted its position in VanEck Long/Flat Trend ETF by 4.8% during the third quarter. Avantax Advisory Services Inc. now owns 9,475 shares of the company’s stock worth $356,000 after purchasing an additional 436 shares during the period.

VanEck Long/Flat Trend ETF Trading Up 0.1 %

VanEck Long/Flat Trend ETF stock traded up $0.04 during trading hours on Wednesday, reaching $42.73. 1,191 shares of the company were exchanged, compared to its average volume of 1,572. The firm has a market cap of $25.64 million, a price-to-earnings ratio of 24.92 and a beta of 0.94. The stock has a 50-day moving average of $43.15 and a 200 day moving average of $40.70. VanEck Long/Flat Trend ETF has a 12 month low of $35.32 and a 12 month high of $44.31.

VanEck Long/Flat Trend ETF Profile

The VanEck Long\u002FFlatTrend ETF (LFEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that uses technical signals to determine an allocation between the S&P 500 and US Treasury bills. The fund may use ETFs for equity exposure. LFEQ was launched on Oct 4, 2017 and is managed by VanEck.