Deltec Asset Management LLC trimmed its stake in VanEck VietnamETF (BATS:VNM – Free Report) by 27.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,000 shares of the company’s stock after selling 28,500 shares during the period. Deltec Asset Management LLC owned approximately 0.19% of VanEck VietnamETF worth $872,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Union Bancaire Privee UBP SA purchased a new position in shares of VanEck VietnamETF during the fourth quarter worth about $104,000. JPMorgan Chase & Co. grew its stake in VanEck VietnamETF by 70.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 226,743 shares of the company’s stock worth $2,898,000 after buying an additional 93,842 shares during the last quarter. Jane Street Group LLC increased its position in VanEck VietnamETF by 287.4% during the third quarter. Jane Street Group LLC now owns 1,721,465 shares of the company’s stock worth $22,000,000 after buying an additional 1,277,148 shares during the period. Bank of Montreal Can increased its position in VanEck VietnamETF by 7,953.9% during the third quarter. Bank of Montreal Can now owns 597,603 shares of the company’s stock worth $7,649,000 after buying an additional 590,183 shares during the period. Finally, Nwam LLC purchased a new stake in VanEck VietnamETF in the third quarter valued at approximately $202,000.
VanEck VietnamETF Trading Up 3.7 %
Shares of VNM opened at $11.58 on Wednesday. The business’s 50-day simple moving average is $11.59 and its 200 day simple moving average is $11.96. The stock has a market capitalization of $471.10 million, a price-to-earnings ratio of 12.08 and a beta of 0.65.
VanEck VietnamETF 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.
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