VanEck Retail ETF (NASDAQ:RTH) Trading Up 0.5% – Here’s Why

VanEck Retail ETF (NASDAQ:RTH) shares shot up 0.5% during trading on Monday . The stock traded as high as $261.97 and last traded at $261.74. 1,097 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 5,857 shares. The stock had previously closed at $260.31.

VanEck Retail ETF Price Performance

The company has a market cap of $256.51 million, a PE ratio of 23.92 and a beta of 0.85. The company has a 50-day moving average of $262.61 and a 200 day moving average of $259.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RTH. Northwestern Mutual Wealth Management Co. boosted its position in shares of VanEck Retail ETF by 241.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,617 shares of the company’s stock valued at $6,391,000 after buying an additional 18,113 shares during the period. WBI Investments LLC boosted its position in shares of VanEck Retail ETF by 183.9% during the third quarter. WBI Investments LLC now owns 5,331 shares of the company’s stock valued at $1,338,000 after buying an additional 3,453 shares during the period. Monetary Solutions Ltd purchased a new position in shares of VanEck Retail ETF during the fourth quarter valued at approximately $373,000. Integrity Alliance LLC. boosted its position in shares of VanEck Retail ETF by 12.3% during the fourth quarter. Integrity Alliance LLC. now owns 3,119 shares of the company’s stock valued at $778,000 after buying an additional 341 shares during the period. Finally, Great Diamond Partners LLC boosted its position in shares of VanEck Retail ETF by 1.7% during the fourth quarter. Great Diamond Partners LLC now owns 9,546 shares of the company’s stock valued at $2,382,000 after buying an additional 157 shares during the period. Hedge funds and other institutional investors own 25.85% of the company’s stock.

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.