Financial Enhancement Group LLC Raises Stock Holdings in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ)

Financial Enhancement Group LLC lifted its stake in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,527 shares of the company’s stock after purchasing an additional 3,161 shares during the quarter. Financial Enhancement Group LLC owned about 6.92% of VanEck Long/Flat Trend ETF worth $1,908,000 at the end of the most recent reporting period.

Separately, Avantax Advisory Services Inc. raised its stake in shares of VanEck Long/Flat Trend ETF by 19.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,302 shares of the company’s stock valued at $453,000 after acquiring an additional 1,827 shares during the period.

VanEck Long/Flat Trend ETF Trading Down 2.1 %

Shares of LFEQ stock traded down $1.00 during trading hours on Wednesday, reaching $46.70. 511 shares of the stock were exchanged, compared to its average volume of 1,356. The firm has a market capitalization of $28.02 million, a price-to-earnings ratio of 25.12 and a beta of 0.96. VanEck Long/Flat Trend ETF has a 12-month low of $36.01 and a 12-month high of $47.85. The company’s 50-day moving average price is $46.53 and its 200-day moving average price is $44.81.

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.