RPAR Risk Parity ETF (NYSEARCA:RPAR) Stock Price Down 0.9% – Here’s Why

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares were down 0.9% during trading on Thursday. The stock traded as low as $21.61 and last traded at $21.61. 4,131 shares were traded during trading, a decline of 85% from the average daily volume of 27,200 shares. The stock had previously closed at $21.81.

RPAR Risk Parity ETF Trading Down 0.9%

The business has a 50-day simple moving average of $22.17 and a 200 day simple moving average of $22.42. The stock has a market cap of $560.78 million, a P/E ratio of 16.43 and a beta of 0.69.

RPAR Risk Parity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a dividend of $0.2922 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.4%. This is a positive change from RPAR Risk Parity ETF’s previous quarterly dividend of $0.0145. The ex-dividend date was Monday, June 29th.

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) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,422 shares of the company’s stock, valued at approximately $165,000.

RPAR Risk Parity ETF Company Profile

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.