VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Shares Climb 0.8% – What’s Next?

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO)’s stock price was up 0.8% on Wednesday. The stock traded as high as $97.13 and last traded at $96.51. Approximately 11,199 shares changed hands during trading, a decline of 51% from the average session volume of 22,827 shares. The stock had previously closed at $95.79.

VanEck Video Gaming and eSports ETF Stock Performance

The firm’s 50 day moving average is $96.92 and its 200-day moving average is $92.62. The stock has a market capitalization of $253.09 million, a price-to-earnings ratio of 27.36 and a beta of 0.99.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

A number of large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in VanEck Video Gaming and eSports ETF in the 2nd quarter valued at $143,000. Royal Bank of Canada raised its position in VanEck Video Gaming and eSports ETF by 17.6% in the first quarter. Royal Bank of Canada now owns 15,647 shares of the company’s stock valued at $1,416,000 after purchasing an additional 2,341 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of VanEck Video Gaming and eSports ETF by 2.2% in the 1st quarter. Kestra Advisory Services LLC now owns 5,986 shares of the company’s stock valued at $542,000 after purchasing an additional 129 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck Video Gaming and eSports ETF by 7.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,989 shares of the company’s stock valued at $828,000 after purchasing an additional 545 shares during the last quarter.

VanEck Video Gaming and eSports ETF Company Profile

The VanEck Video Gaming and eSports ETF (ESPO) is an exchange-traded fund that is based on the MVIS Global Video Gaming & eSports index, a market-cap-weighted index of global firms involved in video gaming and eSports. ESPO was launched on Oct 16, 2018 and is managed by VanEck.