VanEck Digital Transformation ETF (NASDAQ:DAPP) Shares Up 1.3% – Still a Buy?

VanEck Digital Transformation ETF (NASDAQ:DAPP)’s share price was up 1.3% on Wednesday . The company traded as high as $18.85 and last traded at $18.83. Approximately 346,295 shares were traded during trading, a decline of 53% from the average daily volume of 743,914 shares. The stock had previously closed at $18.59.

VanEck Digital Transformation ETF Stock Performance

The stock has a market capitalization of $244.41 million, a price-to-earnings ratio of 2.89 and a beta of 3.46. The firm has a fifty day moving average of $18.50 and a 200-day moving average of $18.57.

Hedge Funds Weigh In On VanEck Digital Transformation ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC grew its holdings in VanEck Digital Transformation ETF by 4.5% during the 1st quarter. Private Advisor Group LLC now owns 565,964 shares of the company’s stock valued at $8,444,000 after purchasing an additional 24,466 shares in the last quarter. Bank of America Corp DE lifted its holdings in VanEck Digital Transformation ETF by 285.8% in the 3rd quarter. Bank of America Corp DE now owns 402,699 shares of the company’s stock worth $8,759,000 after buying an additional 298,321 shares in the last quarter. Jane Street Group LLC lifted its holdings in VanEck Digital Transformation ETF by 179.1% in the 1st quarter. Jane Street Group LLC now owns 396,256 shares of the company’s stock worth $3,578,000 after buying an additional 254,265 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in VanEck Digital Transformation ETF by 100.0% in the 2nd quarter. Corient Private Wealth LLC now owns 191,390 shares of the company’s stock worth $3,168,000 after buying an additional 95,695 shares in the last quarter. Finally, Van Hulzen Asset Management LLC boosted its position in VanEck Digital Transformation ETF by 9.6% in the 4th quarter. Van Hulzen Asset Management LLC now owns 162,178 shares of the company’s stock valued at $2,681,000 after buying an additional 14,226 shares during the last quarter.

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.