VanEck Retail ETF (NASDAQ:RTH) Stock Price Up 1.4% – Should You Buy?

VanEck Retail ETF (NASDAQ:RTH) shares traded up 1.4% on Tuesday. The company traded as high as $255.34 and last traded at $255.34. Approximately 3,043 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 5,335 shares. The stock had previously closed at $251.91.

VanEck Retail ETF Trading Up 0.9%

The stock’s 50-day moving average is $261.38 and its 200-day moving average is $260.13. The firm has a market capitalization of $240.24 million, a price-to-earnings ratio of 23.92 and a beta of 0.85.

Institutional Investors Weigh In On VanEck Retail ETF

Hedge funds have recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of VanEck Retail ETF by 13.9% during the first quarter. Cetera Investment Advisers now owns 23,947 shares of the company’s stock worth $6,008,000 after purchasing an additional 2,918 shares during the last quarter. NewEdge Advisors LLC raised its position in VanEck Retail ETF by 31.1% during the 2nd quarter. NewEdge Advisors LLC now owns 17,650 shares of the company’s stock worth $4,514,000 after purchasing an additional 4,183 shares during the last quarter. Royal Bank of Canada raised its position in shares of VanEck Retail ETF by 584.0% during the first quarter. Royal Bank of Canada now owns 10,212 shares of the company’s stock worth $2,563,000 after acquiring an additional 8,719 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of VanEck Retail ETF by 16.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,045 shares of the company’s stock worth $1,802,000 after purchasing an additional 1,005 shares during the period. Finally, Aspire Capital Advisors LLC acquired a new position in VanEck Retail ETF in the second quarter valued at $1,446,000. Institutional investors and hedge funds own 25.85% of the company’s stock.

VanEck Retail ETF Company Profile

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.