VanEck Vietnam ETF (BATS:VNM) Stock Price Up 1% – Here’s What Happened

VanEck Vietnam ETF (BATS:VNM) shares rose 1% during trading on Wednesday . The company traded as high as $19.31 and last traded at $19.31. Approximately 578,030 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 896,233 shares. The stock had previously closed at $19.11.

VanEck Vietnam ETF Trading Up 1.0%

The firm has a market cap of $596.68 million, a PE ratio of 15.31 and a beta of 0.91. The business has a fifty day moving average price of $18.17 and a 200 day moving average price of $18.37.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. CacheTech Inc. increased its holdings in shares of VanEck Vietnam ETF by 7.1% in the 1st quarter. CacheTech Inc. now owns 828,237 shares of the company’s stock valued at $14,337,000 after acquiring an additional 55,015 shares during the last quarter. Adams Wealth Management increased its holdings in shares of VanEck Vietnam ETF by 113.2% in the 4th quarter. Adams Wealth Management now owns 739,568 shares of the company’s stock valued at $14,111,000 after acquiring an additional 392,744 shares during the last quarter. UBS Group AG boosted its position in shares of VanEck Vietnam ETF by 8.9% in the 3rd quarter. UBS Group AG now owns 502,958 shares of the company’s stock valued at $8,973,000 after purchasing an additional 41,245 shares during the period. JPMorgan Chase & Co. boosted its position in shares of VanEck Vietnam ETF by 17.7% in the 4th quarter. JPMorgan Chase & Co. now owns 448,688 shares of the company’s stock valued at $8,561,000 after purchasing an additional 67,449 shares during the period. Finally, Black Swift Group LLC boosted its position in shares of VanEck Vietnam ETF by 181.4% in the 4th quarter. Black Swift Group LLC now owns 317,090 shares of the company’s stock valued at $6,054,000 after purchasing an additional 204,410 shares during the period.

VanEck Vietnam ETF Company Profile

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.