NewEdge Advisors LLC Sells 4,776 Shares of VanEck Digital Transformation ETF (NASDAQ:DAPP)

NewEdge Advisors LLC reduced its holdings in shares of VanEck Digital Transformation ETF (NASDAQ:DAPP) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,973 shares of the company’s stock after selling 4,776 shares during the quarter. NewEdge Advisors LLC owned 0.24% of VanEck Digital Transformation ETF worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of VanEck Digital Transformation ETF during the fourth quarter valued at $60,000. Flagship Harbor Advisors LLC bought a new position in VanEck Digital Transformation ETF in the fourth quarter valued at about $150,000. Accel Wealth Management bought a new position in VanEck Digital Transformation ETF in the fourth quarter valued at about $178,000. Private Portfolio Partners LLC lifted its holdings in VanEck Digital Transformation ETF by 33.3% in the fourth quarter. Private Portfolio Partners LLC now owns 16,800 shares of the company’s stock valued at $241,000 after acquiring an additional 4,200 shares during the period. Finally, Balboa Wealth Partners bought a new position in VanEck Digital Transformation ETF in the fourth quarter valued at about $270,000.

VanEck Digital Transformation ETF Stock Performance

DAPP stock opened at $10.59 on Tuesday. VanEck Digital Transformation ETF has a fifty-two week low of $7.80 and a fifty-two week high of $20.71. The business’s 50-day moving average is $10.23 and its two-hundred day moving average is $13.96. The company has a market cap of $152.81 million, a price-to-earnings ratio of 2.89 and a beta of 2.90.

About VanEck Digital Transformation ETF

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.