RPAR Risk Parity ETF (NYSEARCA:RPAR) Sees Strong Trading Volume – Time to Buy?

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares saw unusually-high trading volume on Friday . Approximately 153,831 shares traded hands during mid-day trading, an increase of 447% from the previous session’s volume of 28,124 shares.The stock last traded at $22.21 and had previously closed at $22.08.

RPAR Risk Parity ETF Stock Performance

The stock has a market capitalization of $582.28 million, a price-to-earnings ratio of 16.43 and a beta of 0.69. The company has a 50 day moving average of $22.27 and a 200 day moving average of $22.58.

Hedge Funds Weigh In On RPAR Risk Parity ETF

A hedge fund recently bought a new stake in RPAR Risk Parity ETF stock. Main Street Group LTD bought a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,422 shares of the company’s stock, valued at approximately $165,000.

RPAR Risk Parity ETF Company Profile

The RPAR Risk Parity ETF (RPAR) is an exchange-traded fund that is based on the Advanced Research Risk Parity index. The fund is an actively managed fund-of-funds allocating to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. RPAR was launched on Dec 13, 2019 and is managed by RPAR.