Assetmark Inc. Raises Stake in VanEck Low Carbon Energy ETF (NYSEARCA:SMOG)

Assetmark Inc. raised its holdings in shares of VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) by 8.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,855 shares of the company’s stock after acquiring an additional 466 shares during the quarter. Assetmark Inc.’s holdings in VanEck Low Carbon Energy ETF were worth $657,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JNBA Financial Advisors increased its position in shares of VanEck Low Carbon Energy ETF by 11.7% in the third quarter. JNBA Financial Advisors now owns 2,788 shares of the company’s stock worth $313,000 after purchasing an additional 291 shares during the last quarter. Palisades Hudson Asset Management L.P. boosted its stake in shares of VanEck Low Carbon Energy ETF by 11.3% during the third quarter. Palisades Hudson Asset Management L.P. now owns 9,825 shares of the company’s stock valued at $1,103,000 after purchasing an additional 994 shares during the period. Finally, Macroview Investment Management LLC purchased a new stake in shares of VanEck Low Carbon Energy ETF during the second quarter valued at approximately $37,000.

VanEck Low Carbon Energy ETF Stock Up 0.7 %

Shares of SMOG stock opened at $99.76 on Friday. The stock has a fifty day moving average of $106.07 and a 200 day moving average of $102.97. VanEck Low Carbon Energy ETF has a 52 week low of $91.01 and a 52 week high of $114.01. The firm has a market capitalization of $137.67 million, a price-to-earnings ratio of 18.41 and a beta of 1.25.

VanEck Low Carbon Energy ETF Profile

The VanEck Low Carbon Energy ETF (SMOG) is an exchange-traded fund that is based on the MVIS Global Low Carbon Energy index, a market-cap-weighted index of companies that focuses specifically on renewable energy SMOG was launched on May 3, 2007 and is managed by VanEck.