NewEdge Advisors LLC Sells 4,776 Shares of VanEck Digital Transformation ETF (NASDAQ:DAPP)

NewEdge Advisors LLC cut its stake in shares of VanEck Digital Transformation ETF (NASDAQ:DAPP) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,973 shares of the company’s stock after selling 4,776 shares during the quarter. NewEdge Advisors LLC’s holdings in VanEck Digital Transformation ETF were worth $488,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Mariner LLC grew its stake in shares of VanEck Digital Transformation ETF by 130.7% during the 4th quarter. Mariner LLC now owns 24,771 shares of the company’s stock valued at $356,000 after acquiring an additional 14,034 shares during the period. Private Portfolio Partners LLC boosted its stake in VanEck Digital Transformation ETF by 33.3% in the 4th quarter. Private Portfolio Partners LLC now owns 16,800 shares of the company’s stock worth $241,000 after purchasing an additional 4,200 shares during the period. Orion Portfolio Solutions LLC grew its holdings in VanEck Digital Transformation ETF by 36.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 30,927 shares of the company’s stock valued at $444,000 after buying an additional 8,306 shares in the last quarter. LPL Financial LLC grew its holdings in VanEck Digital Transformation ETF by 27.1% during the 4th quarter. LPL Financial LLC now owns 822,264 shares of the company’s stock valued at $11,816,000 after buying an additional 175,390 shares in the last quarter. Finally, Kiker Wealth Management LLC purchased a new position in shares of VanEck Digital Transformation ETF in the fourth quarter worth $3,912,000.

VanEck Digital Transformation ETF Stock Performance

DAPP opened at $10.59 on Tuesday. The stock has a market capitalization of $152.81 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. VanEck Digital Transformation ETF has a fifty-two week low of $7.80 and a fifty-two week high of $20.71. The company has a fifty day moving average of $10.23 and a 200 day moving average of $13.96.

About VanEck Digital Transformation ETF

The VanEck Digital Transformation ETF (DAPP) is an exchange-traded fund that is based on the MVIS Global Digital Assets Equity index, a market-cap-weighted index of global innovative companies that are involved in the digitalization of the worlds economy through a diverse range of digital assets. DAPP was launched on Apr 12, 2021 and is managed by VanEck.