NewEdge Advisors LLC Decreases Stock Holdings in VanEck Retail ETF $RTH

NewEdge Advisors LLC reduced its position in VanEck Retail ETF (NASDAQ:RTH) by 90.5% during the first quarter, Holdings Channel reports. The institutional investor owned 1,393 shares of the company’s stock after selling 13,229 shares during the quarter. NewEdge Advisors LLC’s holdings in VanEck Retail ETF were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of VanEck Retail ETF by 7.7% during the 3rd quarter. Bank of America Corp DE now owns 45,060 shares of the company’s stock worth $11,305,000 after acquiring an additional 3,213 shares in the last quarter. Equitable Holdings Inc. lifted its position in VanEck Retail ETF by 4.3% during the fourth quarter. Equitable Holdings Inc. now owns 28,472 shares of the company’s stock valued at $7,104,000 after acquiring an additional 1,167 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in VanEck Retail ETF by 241.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,617 shares of the company’s stock valued at $6,391,000 after acquiring an additional 18,113 shares in the last quarter. Cetera Investment Advisers boosted 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 acquiring an additional 2,918 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in VanEck Retail ETF by 3.8% in the third quarter. JPMorgan Chase & Co. now owns 20,753 shares of the company’s stock valued at $5,207,000 after acquiring an additional 753 shares in the last quarter. Hedge funds and other institutional investors own 25.85% of the company’s stock.

VanEck Retail ETF Trading Down 0.1%

NASDAQ RTH opened at $272.06 on Wednesday. The firm’s fifty day simple moving average is $258.80 and its two-hundred day simple moving average is $260.33. The firm has a market capitalization of $261.18 million, a P/E ratio of 23.92 and a beta of 0.85. VanEck Retail ETF has a 12-month low of $240.98 and a 12-month high of $274.42.

VanEck Retail ETF Company Profile

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.