RPAR Risk Parity ETF (NYSEARCA:RPAR) Shares Climb 0.3% – Time to Buy?

Shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) shot up 0.3% on Thursday. The stock traded as high as $21.67 and last traded at $21.66. 1,388 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 26,713 shares. The stock had previously closed at $21.59.

RPAR Risk Parity ETF Price Performance

The firm has a market capitalization of $557.31 million, a PE ratio of 16.43 and a beta of 0.70. The business’s 50-day moving average price is $21.93 and its 200-day moving average price is $22.29.

RPAR Risk Parity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were given a $0.1071 dividend. This is a negative change from RPAR Risk Parity ETF’s previous quarterly dividend of $0.2922. The ex-dividend date was Monday, September 28th. This represents a $0.43 annualized dividend and a yield of 2.0%.

Institutional Trading of RPAR Risk Parity ETF

A hedge fund recently bought a new position in RPAR Risk Parity ETF stock. Main Street Group LTD acquired a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,422 shares of the company’s stock, valued at approximately $165,000.

About RPAR Risk Parity ETF

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.