Magnolia Capital Advisors LLC Decreases Stake in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ)

Magnolia Capital Advisors LLC decreased its holdings in shares of VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,317 shares of the company’s stock after selling 3,002 shares during the quarter. VanEck Long/Flat Trend ETF makes up approximately 2.4% of Magnolia Capital Advisors LLC’s portfolio, making the stock its 12th biggest position. Magnolia Capital Advisors LLC owned approximately 9.79% of VanEck Long/Flat Trend ETF worth $3,242,000 as of its most recent SEC filing.

Separately, Avantax Advisory Services Inc. lifted its stake in VanEck Long/Flat Trend ETF by 4.8% in the third 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 last quarter.

VanEck Long/Flat Trend ETF Stock Performance

NYSEARCA LFEQ traded up $0.04 on Wednesday, reaching $42.73. The stock had a trading volume of 1,191 shares, compared to its average volume of 1,572. VanEck Long/Flat Trend ETF has a 12-month low of $35.32 and a 12-month high of $44.31. The business’s 50-day moving average price is $43.15 and its 200 day moving average price is $40.70. The stock has a market cap of $25.64 million, a P/E ratio of 24.92 and a beta of 0.94.

VanEck Long/Flat Trend ETF Company Profile

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.