RPAR Risk Parity ETF (NYSEARCA:RPAR) Shares Gap Down – Here’s What Happened

RPAR Risk Parity ETF (NYSEARCA:RPAR)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $23.16, but opened at $21.96. RPAR Risk Parity ETF shares last traded at $22.99, with a volume of 917 shares traded.

RPAR Risk Parity ETF Stock Performance

The company has a 50-day simple moving average of $22.71 and a 200-day simple moving average of $22.40. The stock has a market cap of $609.31 million, a P/E ratio of 16.43 and a beta of 0.69.

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 bought a new stake in RPAR Risk Parity ETF (NYSEARCA:RPAR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.