Raymond James Financial Services Advisors Inc. Decreases Stake in VanEck VietnamETF (BATS:VNM)

Raymond James Financial Services Advisors Inc. reduced its position in VanEck VietnamETF (BATS:VNM) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,403 shares of the company’s stock after selling 4,592 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in VanEck VietnamETF were worth $470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VNM. Comerica Bank purchased a new position in VanEck VietnamETF in the 3rd quarter valued at about $40,000. IFP Advisors Inc boosted its position in VanEck VietnamETF by 4,350.0% in the 2nd quarter. IFP Advisors Inc now owns 4,450 shares of the company’s stock valued at $59,000 after buying an additional 4,350 shares during the last quarter. Advisors Preferred LLC purchased a new position in VanEck VietnamETF in the 3rd quarter valued at about $118,000. Creative Planning purchased a new position in VanEck VietnamETF in the 3rd quarter valued at about $150,000. Finally, Two Sigma Securities LLC purchased a new position in VanEck VietnamETF in the 2nd quarter valued at about $150,000.

VanEck VietnamETF Trading Down 2.4 %

Shares of VanEck VietnamETF stock opened at $11.85 on Friday. The firm has a market cap of $482.30 million, a price-to-earnings ratio of 12.44 and a beta of 0.59. The firm has a 50-day moving average of $13.32 and a 200-day moving average of $13.10.

VanEck VietnamETF 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.