JPMorgan Chase & Co. Buys 144,296 Shares of VanEck Vietnam ETF $VNM

JPMorgan Chase & Co. raised its stake in shares of VanEck Vietnam ETF (BATS:VNM) by 60.9% in the third quarter, Holdings Channel reports. The institutional investor owned 381,239 shares of the company’s stock after buying an additional 144,296 shares during the quarter. JPMorgan Chase & Co.’s holdings in VanEck Vietnam ETF were worth $6,801,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of VanEck Vietnam ETF in the third quarter worth $36,000. Group One Trading LLC purchased a new position in shares of VanEck Vietnam ETF in the 3rd quarter worth about $71,000. Triumph Capital Management purchased a new position in shares of VanEck Vietnam ETF in the 3rd quarter worth about $108,000. Comerica Bank boosted its stake in VanEck Vietnam ETF by 375.4% in the 1st quarter. Comerica Bank now owns 6,342 shares of the company’s stock worth $79,000 after purchasing an additional 5,008 shares in the last quarter. Finally, Marvin & Palmer Associates Inc. boosted its stake in VanEck Vietnam ETF by 48.1% in the 3rd quarter. Marvin & Palmer Associates Inc. now owns 8,040 shares of the company’s stock worth $140,000 after purchasing an additional 2,610 shares in the last quarter.

VanEck Vietnam ETF Stock Performance

Shares of VNM stock opened at $17.31 on Wednesday. The company has a market capitalization of $534.88 million, a price-to-earnings ratio of 15.31 and a beta of 0.91. VanEck Vietnam ETF has a one year low of $10.10 and a one year high of $19.85. The company’s 50-day moving average is $18.10 and its 200 day moving average is $18.23.

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.