Pekin Hardy Strauss Inc. Invests $2 Million in VanEck Vietnam ETF $VNM

Pekin Hardy Strauss Inc. acquired a new stake in shares of VanEck Vietnam ETF (BATS:VNM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 112,345 shares of the company’s stock, valued at approximately $2,004,000. Pekin Hardy Strauss Inc. owned about 0.36% of VanEck Vietnam ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNM. Westside Investment Management Inc. lifted its holdings in VanEck Vietnam ETF by 66.7% in the 2nd quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock valued at $34,000 after purchasing an additional 1,000 shares in the last quarter. Marvin & Palmer Associates Inc. purchased a new stake in shares of VanEck Vietnam ETF during the second quarter worth about $75,000. Comerica Bank raised its position in shares of VanEck Vietnam ETF by 375.4% in the first quarter. Comerica Bank now owns 6,342 shares of the company’s stock valued at $79,000 after buying an additional 5,008 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of VanEck Vietnam ETF during the third quarter valued at approximately $232,000. Finally, WJ Financial Advisors LLC acquired a new stake in VanEck Vietnam ETF during the third quarter worth approximately $364,000.

VanEck Vietnam ETF Stock Performance

VNM stock opened at $18.76 on Friday. The company has a 50 day moving average price of $18.84 and a two-hundred day moving average price of $18.24. The stock has a market capitalization of $579.68 million, a P/E ratio of 15.31 and a beta of 0.91. VanEck Vietnam ETF has a one year low of $10.10 and a one year high of $19.85.

VanEck Vietnam ETF 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.