Raymond James & Associates Cuts Holdings in VanEck VietnamETF (BATS:VNM)

Raymond James & Associates lowered its position in VanEck VietnamETF (BATS:VNM) by 37.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,971 shares of the company’s stock after selling 28,137 shares during the period. Raymond James & Associates’ holdings in VanEck VietnamETF were worth $607,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Advisors Preferred LLC acquired a new position in VanEck VietnamETF in the 3rd quarter worth about $118,000. Wunderlich Capital Managemnt purchased a new position in shares of VanEck VietnamETF during the 3rd quarter valued at approximately $168,000. Consolidated Portfolio Review Corp acquired a new stake in VanEck VietnamETF in the 3rd quarter valued at $171,000. Nwam LLC increased its holdings in VanEck VietnamETF by 20.7% in the 3rd quarter. Nwam LLC now owns 13,379 shares of the company’s stock worth $181,000 after acquiring an additional 2,292 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in VanEck VietnamETF in the 3rd quarter worth $190,000.

VanEck VietnamETF Trading Up 1.7 %

VNM opened at $12.22 on Thursday. The firm’s 50-day moving average is $13.27 and its two-hundred day moving average is $13.08. The stock has a market capitalization of $497.15 million, a P/E ratio of 12.44 and a beta of 0.59.

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.