VanEck Vietnam ETF (BATS:VNM) Stock Jumps 0.5% – What’s Next?

VanEck Vietnam ETF (BATS:VNM – Get Free Report)’s stock price traded up 0.5% during mid-day trading on Thursday. The stock traded as high as $17.11 and last traded at $17.06. Approximately 445,735 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 730,248 shares. The stock had previously closed at $16.98.

VanEck Vietnam ETF Stock Performance

The firm has a market capitalization of $527.15 million, a price-to-earnings ratio of 15.31 and a beta of 0.91. The business has a 50 day simple moving average of $17.32 and a 200-day simple moving average of $17.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Group One Trading LLC increased its stake in VanEck Vietnam ETF by 3,043.5% during the 1st quarter. Group One Trading LLC now owns 2,892 shares of the company’s stock worth $50,000 after buying an additional 2,800 shares during the period. Integrated Wealth Concepts LLC purchased a new position in VanEck Vietnam ETF in the 2nd quarter valued at approximately $133,000. Ascent Advisors LLC purchased a new position in VanEck Vietnam ETF in the 1st quarter valued at approximately $268,000. Kaizen Financial Strategies grew its stake in shares of VanEck Vietnam ETF by 8.5% in the first quarter. Kaizen Financial Strategies now owns 20,314 shares of the company’s stock worth $380,000 after acquiring an additional 1,593 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of VanEck Vietnam ETF by 55.4% in 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

(Get Free Report)

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.

Further Reading

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