Kraft Davis & Associates LLC Cuts Position in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ)

Kraft Davis & Associates LLC reduced its holdings in shares of VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,430 shares of the company’s stock after selling 1,682 shares during the quarter. Kraft Davis & Associates LLC owned 1.30% of VanEck Long/Flat Trend ETF worth $429,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its holdings in shares of VanEck Long/Flat Trend ETF by 4.8% during the 3rd quarter. Avantax Advisory Services Inc. now owns 9,475 shares of the company’s stock valued at $356,000 after buying an additional 436 shares during the period. Key Bridge Compliance LLC purchased a new position in shares of VanEck Long/Flat Trend ETF in the third quarter valued at $219,000. Magnolia Capital Advisors LLC acquired a new stake in VanEck Long/Flat Trend ETF during the 3rd quarter valued at $2,970,000. Financial Enhancement Group LLC grew its stake in VanEck Long/Flat Trend ETF by 38.2% during the 4th 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. Finally, Susquehanna International Group LLP bought a new stake in VanEck Long/Flat Trend ETF in the first quarter valued at about $478,000.

VanEck Long/Flat Trend ETF Price Performance

Shares of LFEQ stock traded down $0.36 on Friday, hitting $41.85. The company’s stock had a trading volume of 14 shares, compared to its average volume of 1,595. The stock has a market capitalization of $25.11 million, a price-to-earnings ratio of 24.92 and a beta of 0.94. VanEck Long/Flat Trend ETF has a fifty-two week low of $35.32 and a fifty-two week high of $44.31. The firm’s fifty day moving average price is $43.13 and its 200-day moving average price is $40.59.

About VanEck Long/Flat Trend ETF

The VanEck Long\u002FFlatTrend ETF (LFEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that uses technical signals to determine an allocation between the S&P 500 and US Treasury bills. The fund may use ETFs for equity exposure. LFEQ was launched on Oct 4, 2017 and is managed by VanEck.