VanEck Digital Transformation ETF (NASDAQ:DAPP) Trading 1.3% Higher – Still a Buy?

VanEck Digital Transformation ETF (NASDAQ:DAPP)’s share price rose 1.3% on Wednesday . The stock traded as high as $18.85 and last traded at $18.83. 346,295 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 743,914 shares. The stock had previously closed at $18.59.

VanEck Digital Transformation ETF Trading Down 1.9%

The business’s 50-day simple moving average is $18.52 and its 200-day simple moving average is $18.60. The company has a market cap of $262.92 million, a PE ratio of 2.89 and a beta of 3.45.

Institutional Trading of VanEck Digital Transformation ETF

Several large investors have recently modified their holdings of the company. Abound Financial LLC bought a new position in VanEck Digital Transformation ETF in the 4th quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in VanEck Digital Transformation ETF during the 1st quarter valued at approximately $29,000. Kestra Advisory Services LLC bought a new stake in VanEck Digital Transformation ETF during the 4th quarter valued at approximately $31,000. Group One Trading LLC grew its holdings in VanEck Digital Transformation ETF by 77.6% in the 2nd quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock valued at $53,000 after buying an additional 1,408 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in VanEck Digital Transformation ETF by 91.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 9,019 shares of the company’s stock worth $149,000 after buying an additional 4,304 shares during the period.

About VanEck Digital Transformation ETF

The VanEck Digital Transformation ETF (DAPP) is an exchange-traded fund that is based on the MVIS Global Digital Assets Equity index, a market-cap-weighted index of global innovative companies that are involved in the digitalization of the worlds economy through a diverse range of digital assets. DAPP was launched on Apr 12, 2021 and is managed by VanEck.