Raymond James Financial Inc. Acquires New Shares in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ)

Raymond James Financial Inc. acquired a new stake in shares of VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,449 shares of the company’s stock, valued at approximately $270,000. Raymond James Financial Inc. owned 0.91% of VanEck Long/Flat Trend ETF at the end of the most recent reporting period.

Separately, Financial Enhancement Group LLC raised its stake in VanEck Long/Flat Trend ETF by 122.7% during the 4th quarter. Financial Enhancement Group LLC now owns 58,950 shares of the company’s stock valued at $2,896,000 after acquiring an additional 32,477 shares in the last quarter.

VanEck Long/Flat Trend ETF Price Performance

Shares of VanEck Long/Flat Trend ETF stock opened at $45.97 on Monday. The business’s fifty day moving average price is $46.24 and its two-hundred day moving average price is $48.98. The company has a market capitalization of $22.99 million, a P/E ratio of 25.47 and a beta of 0.78. VanEck Long/Flat Trend ETF has a 1-year low of $41.58 and a 1-year high of $51.75.

VanEck Long/Flat Trend ETF Company 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.