V Wealth Management LLC lowered its holdings in shares of VanEck Vectors Coal ETF (NYSEARCA:KOL) by 14.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,653 shares of the exchange traded fund’s stock after selling 5,110 shares during the quarter. V Wealth Management LLC owned approximately 0.64% of VanEck Vectors Coal ETF worth $460,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Cornerstone Wealth Management LLC purchased a new position in VanEck Vectors Coal ETF during the third quarter worth approximately $360,000. Van ECK Associates Corp purchased a new position in VanEck Vectors Coal ETF during the second quarter worth approximately $194,000. Syntal Capital Partners LLC purchased a new position in VanEck Vectors Coal ETF during the second quarter worth approximately $980,000. Arlington Capital Management Inc. purchased a new position in VanEck Vectors Coal ETF during the second quarter worth approximately $18,813,000. Finally, Nwam LLC boosted its position in VanEck Vectors Coal ETF by 2,644.2% during the second quarter. Nwam LLC now owns 41,492 shares of the exchange traded fund’s stock worth $655,000 after purchasing an additional 39,980 shares in the last quarter.
Shares of KOL stock opened at $14.81 on Wednesday. VanEck Vectors Coal ETF has a 12-month low of $14.32 and a 12-month high of $18.49.
Market Vectors-Coal ETF (the Fund) seeks to replicate as closely as possible the price and yield return performance of the Stowe Coal Index (COAL or the Index) by investing in a portfolio of securities that generally replicates COAL. COAL, calculated and maintained by Standard & Poor’s Custom Indices on behalf of Stowe Global Indexes LLC, is a rules-based, modified capitalization-weighted, float-adjusted index consisting of publicly traded companies worldwide that are engaged in the coal industry.
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