Wealth Enhancement Advisory Services LLC Reduces Stake in VanEck Video Gaming and eSports ETF

During the third quarter, Wealth Enhancement Advisory Services LLC reduced its stake in the VanEck Video Gaming and eSports ETF (NASDAQ:ESPO - Free Report) by 18.2%, based on its latest Form 13F filing with the SEC. After selling 2,834 shares, the advisory firm now holds a total of 12,704 shares in the ETF. This means that Wealth Enhancement Advisory Services LLC owns approximately 0.37% of the VanEck Video Gaming and eSports ETF, which is valued at around $967,000 according to the most recent filing.

Other institutional investors have also been active with their positions in the VanEck Video Gaming and eSports ETF. In the first quarter, BNP Paribas Financial Markets increased its holdings by 55.2%. After buying an additional 8,808 shares, BNP Paribas now owns 24,776 shares worth approximately $1,549,000. Meanwhile, Strategic Financial Concepts LLC made a new investment in the ETF during the second quarter of about $894,000. RFG Advisory LLC also took a new position worth roughly $222,000 during the same period. Additionally, Main Management ETF Advisors LLC increased its stake by 0.8%, owning 225,620 shares currently valued at $15,096,000 after acquiring 1,740 more shares. Rothschild Investment LLC also entered into a new investment in the ETF, valued at about $478,000.

Performance of VanEck Video Gaming and eSports ETF

As of Wednesday, the VanEck Video Gaming and eSports ETF opened at $75.62. The ETF has seen a 52-week low of $52.69 and a high of $77.37. Its 50-day moving average stands at $73.35, while the 200-day moving average is at $68.70. The total market capitalization of the ETF is approximately $260.89 million. Currently, the ETF has a P/E ratio of 29.98 and a beta of 0.77, suggesting relatively stable performance compared to the broader market.

About VanEck Video Gaming and eSports ETF

The VanEck Video Gaming and eSports ETF (ESPO) is an exchange-traded fund that tracks the MVIS Global Video Gaming & eSports index. This index is market-cap weighted and comprises global companies involved in video gaming and eSports. Established on October 16, 2018, the ETF is managed by VanEck.

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For more details on what other hedge funds are holding ESPO, visit HoldingsChannel.com.

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Wealth, Advisory, Investment