Avantax Advisory Services Inc. increased its holdings in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ – free report ) by 19.3% during the fourth quarter, the institutional investor announced in its latest disclosure with the Securities and Exchange Commission. The institutional investor bought an additional 1,827 shares during the quarter, bringing its holdings to 11,302 shares of the company’s stock. Avantax Advisory Services Inc. held approximately 1.41% of the VanEck Long/Flat Trend ETF worth $453,000 as of the latest SEC filing.
Meanwhile, Financial Enhancement Group LLC increased its holdings in the VanEck Long/Flat Trend ETF by 38.2% during the fourth quarter. Financial Enhancement Group LLC now owns 38,369 shares of the company’s stock valued at $1,529,000 after purchasing an additional 10,600 shares in the last quarter.
VanEck Long/Flat Trend ETF trades down 0.3%
LFEQ began trading at $44.71 on Thursday. VanEck Long/Flat Trend ETF has a 12 month low of $35.85 and a 12 month high of $44.87. His 50 day moving average for this stock is $43.55 and his 200 day moving average is $41.60. The company has a market capitalization of $26.82 million, a P/E ratio of 25.12, and a beta of 0.96.
VanEck Long/Flat Trend ETF Company Profile
(Free report)
VanEck Long\u002FFlatTrend ETF (LFEQ) is an exchange-traded fund that invests primarily in large-cap stocks. The fund tracks an index that uses technical signals to determine its allocation between the S&P 500 and U.S. Treasury securities. The fund may use ETFs for equity exposure. LFEQ was launched on October 4, 2017, and is managed by VanEck.
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