VanEck Vietnam ETF (BATS:VNM) Stock Price Down 2.1% – Time to Sell?

VanEck Vietnam ETF (BATS:VNM)’s share price traded down 2.1% during trading on Friday . The company traded as low as $17.13 and last traded at $17.16. 541,619 shares were traded during trading, a decline of 33% from the average session volume of 805,759 shares. The stock had previously closed at $17.52.

VanEck Vietnam ETF Stock Performance

The company has a market capitalization of $530.24 million, a price-to-earnings ratio of 15.31 and a beta of 0.91. The firm has a 50-day simple moving average of $17.69 and a two-hundred day simple moving average of $18.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank grew its holdings in shares of VanEck Vietnam ETF by 375.4% in the first quarter. Comerica Bank now owns 6,342 shares of the company’s stock valued at $79,000 after purchasing an additional 5,008 shares in the last quarter. Amundi boosted its position in VanEck Vietnam ETF by 4.9% in the 1st quarter. Amundi now owns 38,200 shares of the company’s stock valued at $435,000 after buying an additional 1,800 shares during the period. JPMorgan Chase & Co. grew its stake in shares of VanEck Vietnam ETF by 55.9% in the second quarter. JPMorgan Chase & Co. now owns 236,943 shares of the company’s stock worth $3,258,000 after acquiring an additional 84,991 shares in the last quarter. Jane Street Group LLC grew its stake in shares of VanEck Vietnam ETF by 1.6% in the second quarter. Jane Street Group LLC now owns 296,081 shares of the company’s stock worth $4,071,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Man Group plc grew its stake in shares of VanEck Vietnam ETF by 126.6% in the second quarter. Man Group plc now owns 273,347 shares of the company’s stock worth $3,759,000 after acquiring an additional 152,743 shares in the last quarter.

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.