RPAR Risk Parity ETF (NYSEARCA:RPAR) Trading 0.5% Higher – What’s Next?

RPAR Risk Parity ETF (NYSEARCA:RPAR)’s share price was up 0.5% during trading on Thursday . The stock traded as high as $22.68 and last traded at $22.60. 3,907 shares were traded during mid-day trading, a decline of 86% from the average session volume of 28,384 shares. The stock had previously closed at $22.48.

RPAR Risk Parity ETF Stock Up 0.5%

The stock has a 50-day simple moving average of $22.16 and a 200-day simple moving average of $22.55. The firm has a market capitalization of $591.44 million, a PE ratio of 16.43 and a beta of 0.69.

RPAR Risk Parity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a dividend of $0.2922 per share. This represents a $1.17 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Monday, June 29th. This is a positive change from RPAR Risk Parity ETF’s previous quarterly dividend of $0.01.

Institutional Investors Weigh In On RPAR Risk Parity ETF

An institutional investor recently bought a new position in RPAR Risk Parity ETF stock. Main Street Group LTD acquired a new stake in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.