VanEck Retail ETF (NASDAQ:RTH) Trading Up 0.7% – Here’s What Happened

VanEck Retail ETF (NASDAQ:RTH) rose 0.7% during mid-day trading on Wednesday . The stock traded as high as $228.92 and last traded at $227.68. Approximately 3,125 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 5,781 shares. The stock had previously closed at $226.07.

VanEck Retail ETF Stock Performance

The company has a market cap of $226.13 million, a price-to-earnings ratio of 29.36 and a beta of 0.88. The firm’s 50-day moving average price is $228.87 and its 200 day moving average price is $217.12.

VanEck Retail ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were paid a $1.732 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On VanEck Retail ETF

Several institutional investors have recently modified their holdings of the stock. FMR LLC boosted its position in shares of VanEck Retail ETF by 19.9% during the third quarter. FMR LLC now owns 1,128 shares of the company’s stock worth $246,000 after purchasing an additional 187 shares in the last quarter. AE Wealth Management LLC lifted its holdings in VanEck Retail ETF by 17.8% during the second quarter. AE Wealth Management LLC now owns 1,389 shares of the company’s stock worth $286,000 after acquiring an additional 210 shares in the last quarter. Keystone Wealth Services LLC acquired a new position in VanEck Retail ETF in the third quarter valued at about $750,000. Cetera Investment Advisers increased its holdings in shares of VanEck Retail ETF by 7.0% in the second quarter. Cetera Investment Advisers now owns 15,107 shares of the company’s stock worth $3,108,000 after acquiring an additional 991 shares in the last quarter. Finally, Comprehensive Wealth Management LLC raised its position in shares of VanEck Retail ETF by 6.0% during the third quarter. Comprehensive Wealth Management LLC now owns 4,914 shares of the company’s stock worth $1,072,000 after purchasing an additional 279 shares during the period. 25.85% of the stock is currently 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.