RPAR Risk Parity ETF (NYSEARCA:RPAR) Sees Strong Trading Volume – Still a Buy?

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares saw an uptick in trading volume on Wednesday. 59,678 shares were traded during trading, an increase of 131% from the average daily volume of 25,861 shares. The stock last traded at $21.4410 and had previously closed at $21.35.

RPAR Risk Parity ETF Stock Performance

The stock has a market capitalization of $536.55 million, a P/E ratio of 16.43 and a beta of 0.70. The stock has a 50 day moving average of $21.65 and a 200 day moving average of $22.34.

RPAR Risk Parity ETF Cuts Dividend

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

Hedge Funds Weigh In On RPAR Risk Parity ETF

An institutional investor recently bought a new stake in RPAR Risk Parity ETF stock. Main Street Group LTD acquired a new position in RPAR Risk Parity ETF (NYSEARCA:RPAR) during the first quarter, according to the company in its most recent disclosure 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.