Financial Enhancement Group LLC Makes New $5.58 Million Investment in VanEck Long/Flat Trend ETF $LFEQ

Financial Enhancement Group LLC bought a new stake in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 90,140 shares of the company’s stock, valued at approximately $5,584,000. Financial Enhancement Group LLC owned approximately 20.03% of VanEck Long/Flat Trend ETF at the end of the most recent reporting period.

VanEck Long/Flat Trend ETF Stock Performance

Shares of VanEck Long/Flat Trend ETF stock traded down $0.30 during trading on Thursday, hitting $61.64. 2,165 shares of the stock traded hands, compared to its average volume of 1,035. The stock has a market cap of $27.74 million, a P/E ratio of 25.47 and a beta of 0.75. VanEck Long/Flat Trend ETF has a twelve month low of $50.27 and a twelve month high of $62.15. The company has a fifty day moving average price of $61.01 and a two-hundred day moving average price of $58.71.

VanEck Long/Flat Trend ETF Profile

The VanEck Long\u002FFlatTrend ETF (LFEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that uses technical signals to determine an allocation between the S&P 500 and US Treasury bills. The fund may use ETFs for equity exposure. LFEQ was launched on Oct 4, 2017 and is managed by VanEck.