Commonwealth Equity Services LLC Lowers Stake in VanEck Video Gaming and eSports ETF (NASDAQ:ESPO)

Commonwealth Equity Services LLC cut its position in shares of VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) by 1.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 30,693 shares of the company’s stock after selling 381 shares during the quarter. Commonwealth Equity Services LLC’s holdings in VanEck Video Gaming and eSports ETF were worth $1,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its holdings in VanEck Video Gaming and eSports ETF by 18.3% in the third quarter. LPL Financial LLC now owns 87,244 shares of the company’s stock valued at $4,498,000 after purchasing an additional 13,488 shares during the period. ORG Partners LLC purchased a new stake in VanEck Video Gaming and eSports ETF in the fourth quarter valued at approximately $270,000. Florin Court Capital LLP grew its holdings in VanEck Video Gaming and eSports ETF by 85.2% in the fourth quarter. Florin Court Capital LLP now owns 29,319 shares of the company’s stock valued at $1,663,000 after purchasing an additional 13,486 shares during the period. Assetmark Inc. grew its holdings in VanEck Video Gaming and eSports ETF by 107.8% in the fourth quarter. Assetmark Inc. now owns 7,269 shares of the company’s stock valued at $412,000 after purchasing an additional 3,771 shares during the period. Finally, Objectivity Squared LLC purchased a new stake in VanEck Video Gaming and eSports ETF in the fourth quarter valued at approximately $478,000.

VanEck Video Gaming and eSports ETF Stock Performance

VanEck Video Gaming and eSports ETF stock traded up $0.34 during trading on Friday, reaching $67.67. The company had a trading volume of 10,717 shares, compared to its average volume of 16,343. VanEck Video Gaming and eSports ETF has a 12-month low of $49.03 and a 12-month high of $69.50. The stock’s 50 day moving average price is $65.38 and its two-hundred day moving average price is $61.58. The firm has a market capitalization of $270.68 million, a price-to-earnings ratio of 29.98 and a beta of 0.77.

About VanEck Video Gaming and eSports ETF

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.