Foundations Investment Advisors LLC Lowers Stock Holdings in VanEck Video Gaming and eSports ETF $ESPO

Foundations Investment Advisors LLC lowered its holdings in shares of VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) by 78.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,575 shares of the company’s stock after selling 9,462 shares during the quarter. Foundations Investment Advisors LLC owned approximately 0.08% of VanEck Video Gaming and eSports ETF worth $267,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Horizon Wealth Management LLC purchased a new position in VanEck Video Gaming and eSports ETF during the third quarter worth approximately $17,599,000. Assetmark Inc. boosted its position in VanEck Video Gaming and eSports ETF by 35.9% during the fourth quarter. Assetmark Inc. now owns 140,427 shares of the company’s stock worth $14,549,000 after purchasing an additional 37,069 shares in the last quarter. Bank of America Corp DE boosted its position in VanEck Video Gaming and eSports ETF by 1.0% during the second quarter. Bank of America Corp DE now owns 91,261 shares of the company’s stock worth $9,997,000 after purchasing an additional 920 shares in the last quarter. Ameriprise Financial Inc. boosted its position in VanEck Video Gaming and eSports ETF by 210.4% during the second quarter. Ameriprise Financial Inc. now owns 27,920 shares of the company’s stock worth $3,058,000 after purchasing an additional 18,925 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in VanEck Video Gaming and eSports ETF during the first quarter worth approximately $1,505,000.

VanEck Video Gaming and eSports ETF Trading Down 2.2%

Shares of ESPO stock opened at $89.81 on Thursday. The company has a market capitalization of $251.47 million, a P/E ratio of 27.36 and a beta of 1.01. The business’s 50 day moving average is $90.65 and its two-hundred day moving average is $97.49. VanEck Video Gaming and eSports ETF has a 12-month low of $86.92 and a 12-month high of $122.99.

VanEck Video Gaming and eSports ETF 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.