Financial Enhancement Group LLC Makes New $5.58 Million Investment in VanEck Long/Flat Trend ETF $LFEQ

Financial Enhancement Group LLC purchased a new position in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 90,140 shares of the company’s stock, valued at approximately $5,584,000. Financial Enhancement Group LLC owned about 0.20% of VanEck Long/Flat Trend ETF at the end of the most recent reporting period.

VanEck Long/Flat Trend ETF Price Performance

LFEQ traded down $0.30 on Thursday, hitting $61.64. The company had a trading volume of 2,165 shares, compared to its average volume of 1,035. The stock has a market cap of $27.74 million, a price-to-earnings ratio of 25.47 and a beta of 0.75. The company’s fifty day moving average price is $61.01 and its 200 day moving average price is $58.71. VanEck Long/Flat Trend ETF has a 1-year low of $50.27 and a 1-year high of $62.15.

About VanEck Long/Flat Trend ETF

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.