Northwestern Mutual Wealth Management Co. Raises Holdings in VanEck Retail ETF $RTH

Northwestern Mutual Wealth Management Co. grew its position in shares of VanEck Retail ETF (NASDAQ:RTH) by 241.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,617 shares of the company’s stock after purchasing an additional 18,113 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 2.54% of VanEck Retail ETF worth $6,391,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ausdal Financial Partners Inc. purchased a new position in shares of VanEck Retail ETF during the second quarter valued at about $235,000. Maridea Wealth Management LLC purchased a new position in shares of VanEck Retail ETF during the third quarter valued at about $250,000. Jones Financial Companies Lllp grew its position in shares of VanEck Retail ETF by 68.1% during the third quarter. Jones Financial Companies Lllp now owns 1,377 shares of the company’s stock valued at $344,000 after purchasing an additional 558 shares in the last quarter. AE Wealth Management LLC grew its position in shares of VanEck Retail ETF by 10.4% during the third quarter. AE Wealth Management LLC now owns 1,599 shares of the company’s stock valued at $401,000 after purchasing an additional 150 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of VanEck Retail ETF by 24.4% during the first quarter. Royal Bank of Canada now owns 1,694 shares of the company’s stock valued at $382,000 after purchasing an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 25.85% of the company’s stock.

VanEck Retail ETF Stock Down 0.1%

Shares of VanEck Retail ETF stock opened at $263.68 on Friday. The firm has a market cap of $258.41 million, a price-to-earnings ratio of 23.92 and a beta of 0.88. The business has a 50-day moving average price of $260.03 and a 200-day moving average price of $258.17. VanEck Retail ETF has a twelve month low of $230.40 and a twelve month high of $271.99.

VanEck Retail ETF 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.