PNC Financial Services Group Inc. Sells 40,658 Shares of VanEck Video Gaming and eSports ETF $ESPO

PNC Financial Services Group Inc. trimmed its position in shares of VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) by 44.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,231 shares of the company’s stock after selling 40,658 shares during the quarter. PNC Financial Services Group Inc. owned approximately 1.83% of VanEck Video Gaming and eSports ETF worth $4,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Advisory Services LLC increased its stake in shares of VanEck Video Gaming and eSports ETF by 2.2% in the first quarter. Kestra Advisory Services LLC now owns 5,986 shares of the company’s stock valued at $542,000 after buying an additional 129 shares during the period. OLD Mission Capital LLC acquired a new stake in VanEck Video Gaming and eSports ETF during the 4th quarter worth approximately $1,454,000. Cetera Investment Advisers boosted its position in VanEck Video Gaming and eSports ETF by 3.6% during the 4th quarter. Cetera Investment Advisers now owns 9,594 shares of the company’s stock worth $994,000 after buying an additional 333 shares during the period. Barclays PLC acquired a new stake in VanEck Video Gaming and eSports ETF during the 4th quarter worth approximately $175,000. Finally, Arete Wealth Advisors LLC grew its holdings in VanEck Video Gaming and eSports ETF by 7.7% during the 4th quarter. Arete Wealth Advisors LLC now owns 6,655 shares of the company’s stock worth $689,000 after acquiring an additional 477 shares during the last quarter.

VanEck Video Gaming and eSports ETF Stock Performance

Shares of NASDAQ ESPO opened at $92.00 on Tuesday. VanEck Video Gaming and eSports ETF has a 52-week low of $84.93 and a 52-week high of $122.99. The firm has a 50 day moving average price of $89.67 and a two-hundred day moving average price of $92.84. The stock has a market cap of $239.20 million, a P/E ratio of 27.36 and a beta of 0.98.

About VanEck Video Gaming and eSports ETF

The VanEck Video Gaming and eSports ETF (ESPO) is an exchange-traded fund that is based on the MVIS Global Video Gaming & eSports index, a market-cap-weighted index of global firms involved in video gaming and eSports. ESPO was launched on Oct 16, 2018 and is managed by VanEck.