Marvin & Palmer Associates Inc. purchased a new position in shares of VanEck VietnamETF (BATS:VNM – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 119,088 shares of the company’s stock, valued at approximately $1,584,000. VanEck VietnamETF makes up about 0.7% of Marvin & Palmer Associates Inc.’s holdings, making the stock its 26th largest holding. Marvin & Palmer Associates Inc. owned 0.28% of VanEck VietnamETF as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in VNM. DDD Partners LLC purchased a new position in VanEck VietnamETF during the second quarter valued at $9,379,000. Jane Street Group LLC purchased a new position in shares of VanEck VietnamETF in the first quarter worth about $6,972,000. Millennium Management LLC purchased a new position in shares of VanEck VietnamETF in the fourth quarter worth about $4,980,000. Elo Mutual Pension Insurance Co lifted its stake in shares of VanEck VietnamETF by 156.8% in the first quarter. Elo Mutual Pension Insurance Co now owns 446,828 shares of the company’s stock worth $5,442,000 after buying an additional 272,828 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of VanEck VietnamETF by 206.7% in the first quarter. Wellington Management Group LLP now owns 392,099 shares of the company’s stock worth $4,776,000 after buying an additional 264,269 shares in the last quarter.
VanEck VietnamETF Stock Performance
Shares of BATS:VNM traded up $0.17 during midday trading on Tuesday, hitting $13.28. The company’s stock had a trading volume of 498,327 shares. The business’s 50-day moving average is $13.35 and its 200 day moving average is $13.64. The stock has a market cap of $561.08 million, a P/E ratio of 12.05 and a beta of 0.95.
About VanEck VietnamETF
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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