Kovitz Investment Group Partners LLC trimmed its position in VanEck VietnamETF (BATS:VNM – Get Rating) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,343 shares of the company's stock after selling 8,003 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in VanEck VietnamETF were worth $703,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in VNM. Private Advisor Group LLC acquired a new position in shares of VanEck VietnamETF in the fourth quarter worth about $320,597,000. TPB Wealth Advisors boosted its holdings in shares of VanEck VietnamETF by 9.1% in the third quarter. TPB Wealth Advisors now owns 219,880 shares of the company's stock worth $2,926,000 after buying an additional 18,374 shares during the period. Finally, Fiduciary Alliance LLC acquired a new position in shares of VanEck VietnamETF in the fourth quarter worth about $110,000.
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Shares of VNM opened at $12.09 on Wednesday. The stock has a 50 day moving average price of $12.04 and a 200-day moving average price of $12.26. The firm has a market capitalization of $508.38 million, a PE ratio of 12.05 and a beta of 0.91.
About VanEck VietnamETF
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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.
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