Deltec Asset Management LLC Sells 6,500 Shares of VanEck VietnamETF (BATS:VNM)

Deltec Asset Management LLC lessened its position in shares of VanEck VietnamETF (BATS:VNM) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,000 shares of the company’s stock after selling 6,500 shares during the period. Deltec Asset Management LLC owned about 0.55% of VanEck VietnamETF worth $2,726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wiser Advisor Group LLC grew its position in VanEck VietnamETF by 83.7% in the first quarter. Wiser Advisor Group LLC now owns 2,419 shares of the company’s stock valued at $34,000 after purchasing an additional 1,102 shares in the last quarter. Laffer Tengler Investments Inc. grew its holdings in shares of VanEck VietnamETF by 19.6% in the 4th quarter. Laffer Tengler Investments Inc. now owns 10,732 shares of the company’s stock valued at $139,000 after acquiring an additional 1,759 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of VanEck VietnamETF in the first quarter valued at about $164,000. Nwam LLC boosted its position in VanEck VietnamETF by 14.4% during the first quarter. Nwam LLC now owns 17,756 shares of the company’s stock valued at $247,000 after purchasing an additional 2,236 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in VanEck VietnamETF in the first quarter valued at approximately $302,000.

VanEck VietnamETF Price Performance

VNM stock remained flat at $11.87 during trading hours on Wednesday. 98,461 shares of the company’s stock were exchanged. The company has a 50-day moving average of $12.27 and a two-hundred day moving average of $12.76. The firm has a market cap of $482.91 million, a P/E ratio of 12.08 and a beta of 0.65.

VanEck VietnamETF Company Profile

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.