VanEck Retail ETF (NASDAQ:RTH – Get Free Report)’s share price was up 2.9% during trading on Wednesday . The stock traded as high as $259.40 and last traded at $259.40. Approximately 4,533 shares were traded during trading, a decline of 18% from the average daily volume of 5,507 shares. The stock had previously closed at $251.97.
VanEck Retail ETF Trading Up 2.9%
The firm has a 50-day moving average of $257.90 and a 200 day moving average of $254.61. The stock has a market capitalization of $259.40 million, a price-to-earnings ratio of 23.92 and a beta of 0.89.
Hedge Funds Weigh In On VanEck Retail ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in VanEck Retail ETF by 241.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,617 shares of the company’s stock worth $6,391,000 after purchasing an additional 18,113 shares during the last quarter. NewEdge Advisors LLC increased its holdings in VanEck Retail ETF by 29,984.1% during the 3rd quarter. NewEdge Advisors LLC now owns 13,237 shares of the company’s stock worth $3,321,000 after purchasing an additional 13,193 shares during the last quarter. Citadel Advisors LLC purchased a new stake in VanEck Retail ETF during the 3rd quarter worth approximately $2,057,000. Guerra Advisors Inc purchased a new stake in VanEck Retail ETF during the 3rd quarter worth approximately $1,513,000. Finally, Park Avenue Securities LLC purchased a new stake in VanEck Retail ETF during the 3rd quarter worth approximately $1,209,000. 25.85% of the stock is owned by institutional investors and hedge funds.
About VanEck Retail ETF
The VanEck Retail ETF (RTH) is an exchange-traded fund that is based on the MVIS US Listed Retail 25 index, a market-cap-weighted index of the 25 largest US-listed companies that derive most of their revenue from retail. RTH was launched on May 2, 2001 and is managed by VanEck.
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