VanEck Digital Transformation ETF (NASDAQ:DAPP) Stock Passes Above Fifty Day Moving Average – Here’s Why

VanEck Digital Transformation ETF (NASDAQ:DAPP) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.36 and traded as high as $19.34. VanEck Digital Transformation ETF shares last traded at $17.45, with a volume of 508,171 shares.

VanEck Digital Transformation ETF Stock Performance

The business has a 50-day moving average of $13.64 and a 200-day moving average of $12.13. The stock has a market capitalization of $198.55 million, a price-to-earnings ratio of 2.89 and a beta of 2.90.

Institutional Trading of VanEck Digital Transformation ETF

A number of large investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise boosted its stake in shares of VanEck Digital Transformation ETF by 29.2% during the second quarter. Banque Cantonale Vaudoise now owns 10,368 shares of the company’s stock worth $124,000 after buying an additional 2,346 shares during the period. CreativeOne Wealth LLC purchased a new stake in VanEck Digital Transformation ETF during the 3rd quarter valued at approximately $137,000. TCP Asset Management LLC lifted its position in VanEck Digital Transformation ETF by 12.1% during the 3rd quarter. TCP Asset Management LLC now owns 18,543 shares of the company’s stock worth $218,000 after acquiring an additional 2,000 shares during the period. Western Wealth Management LLC grew its stake in shares of VanEck Digital Transformation ETF by 17.0% in the 2nd quarter. Western Wealth Management LLC now owns 24,566 shares of the company’s stock valued at $295,000 after purchasing an additional 3,575 shares during the last quarter. Finally, Gainplan LLC increased its holdings in shares of VanEck Digital Transformation ETF by 2.2% in the third quarter. Gainplan LLC now owns 86,811 shares of the company’s stock valued at $1,041,000 after purchasing an additional 1,876 shares during the period.

VanEck Digital Transformation ETF Company Profile

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.