VanEck Retail ETF (NASDAQ:RTH – Get Free Report) rose 1.4% during mid-day trading on Tuesday. The stock traded as high as $255.34 and last traded at $255.34. 3,043 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 5,335 shares. The stock had previously closed at $251.91.
VanEck Retail ETF Stock Performance
The firm has a fifty day moving average price of $261.52 and a 200 day moving average price of $260.08. The stock has a market cap of $237.47 million, a PE ratio of 23.92 and a beta of 0.85.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in RTH. Cetera Investment Advisers raised its stake in VanEck Retail ETF by 13.9% in the first quarter. Cetera Investment Advisers now owns 23,947 shares of the company’s stock valued at $6,008,000 after buying an additional 2,918 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of VanEck Retail ETF by 31.1% during the second quarter. NewEdge Advisors LLC now owns 17,650 shares of the company’s stock valued at $4,514,000 after acquiring an additional 4,183 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of VanEck Retail ETF by 584.0% during the first quarter. Royal Bank of Canada now owns 10,212 shares of the company’s stock valued at $2,563,000 after acquiring an additional 8,719 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of VanEck Retail ETF by 16.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,045 shares of the company’s stock valued at $1,802,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Aspire Capital Advisors LLC purchased a new position in shares of VanEck Retail ETF in the 2nd quarter valued at approximately $1,446,000. 25.85% of the stock is owned by institutional investors and hedge funds.
About VanEck Retail ETF
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.
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