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

Wealth Enhancement Advisory Services LLC has decreased its investment in the VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) by 18.2% during the third quarter, as reported in its latest Form 13F filing with the SEC. Following the sale of 2,834 shares, the firm now holds 12,704 shares of the ETF. This stake represents approximately 0.37% of the VanEck ETF, valued at around $967,000 according to their most recent disclosure.

In addition to Wealth Enhancement's actions, several other institutional investors have adjusted their positions in the VanEck Video Gaming and eSports ETF in recent months. Notably, BNP Paribas Financial Markets has increased its holdings by 55.2% in the first quarter, acquiring an additional 8,808 shares, bringing its total to 24,776 shares valued at $1,549,000. Also, during the second quarter, Strategic Financial Concepts LLC invested in a new position worth about $894,000, while RFG Advisory LLC bought into the ETF with a new stake estimated at $222,000. Furthermore, Main Management ETF Advisors LLC slightly raised its investment by 0.8%, now owning 225,620 shares worth $15,096,000 after acquiring 1,740 additional shares. Lastly, Rothschild Investment LLC initiated a new position in the ETF during the same period, valued at approximately $478,000.

Current 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 experienced a 52-week price range, with a low of $52.69 and a high of $77.37. It currently holds a market capitalization of $260.89 million, has a price-to-earnings ratio of 29.98, and a beta of 0.77, indicating its relative volatility compared to the market.

Overview of VanEck Video Gaming and eSports ETF

The VanEck Video Gaming and eSports ETF (ESPO) is designed to reflect the performance of the MVIS Global Video Gaming & eSports index, which includes companies involved in video gaming and esports worldwide. Launched on October 16, 2018, this ETF is managed by VanEck, providing investors with exposure to emerging trends in the gaming industry.

Next Steps for Investors

Investors interested in the VanEck Video Gaming and eSports ETF might want to explore more about potential stock movements and recent activities. For anyone wishing to track other hedge funds' holdings of this ETF, resources like HoldingsChannel.com can provide updated 13F filings and insider trading information.

Wealth, Enhancement, VanEck