VanEck Commodity Strategy ETF (BATS:PIT) Shares Acquired by Sheets Smith Wealth Management

Sheets Smith Wealth Management grew its position in VanEck Commodity Strategy ETF (BATS:PIT) by 40.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 12,471 shares of the company’s stock after acquiring an additional 3,597 shares during the period. Sheets Smith Wealth Management’s holdings in VanEck Commodity Strategy ETF were worth $614,000 at the end of the most recent quarter.

Separately, ORG Partners LLC purchased a new position in VanEck Commodity Strategy ETF in the fourth quarter valued at $1,087,000.

VanEck Commodity Strategy ETF Trading Up 0.4 %

BATS:PIT traded up $0.22 during midday trading on Wednesday, reaching $49.58. The company had a trading volume of 29 shares. The business’s 50-day simple moving average is $49.43 and its two-hundred day simple moving average is $48.54.

VanEck Commodity Strategy ETF Profile

The VanEck Commodity Strategy ETF (PIT) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed fund that invests in commodity securities from the energy, precious metals, industrial metals, agriculture and livestock sectors. The fund uses an optimized process to maximize risk-adjusted returns.