Shares of VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) dropped 1% during mid-day trading on Wednesday . The stock traded as low as $18.92 and last traded at $19.12. Approximately 367,422 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 792,254 shares. The stock had previously closed at $19.32.
VanEck Digital Transformation ETF Stock Performance
The company has a 50 day simple moving average of $20.33 and a 200 day simple moving average of $18.60. The company has a market capitalization of $253.72 million, a PE ratio of 2.89 and a beta of 3.44.
Institutional Trading of VanEck Digital Transformation ETF
Large investors have recently made changes to their positions in the company. Gainplan LLC raised its stake in VanEck Digital Transformation ETF by 3.3% in the 2nd quarter. Gainplan LLC now owns 38,951 shares of the company’s stock valued at $755,000 after purchasing an additional 1,237 shares during the last quarter. Western Wealth Management LLC lifted its holdings in VanEck Digital Transformation ETF by 6.6% in the 1st quarter. Western Wealth Management LLC now owns 42,690 shares of the company’s stock valued at $637,000 after purchasing an additional 2,630 shares in the last quarter. Cetera Investment Advisers boosted its stake in VanEck Digital Transformation ETF by 86.7% during the 1st quarter. Cetera Investment Advisers now owns 105,369 shares of the company’s stock worth $1,572,000 after purchasing an additional 48,927 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in VanEck Digital Transformation ETF during the 1st quarter worth $29,000. Finally, Independent Financial Group LLC purchased a new stake in shares of VanEck Digital Transformation ETF during the first quarter worth $359,000.
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.
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