RPAR Risk Parity ETF (NYSEARCA:RPAR) Sees Strong Trading Volume – Should You Buy?

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares saw strong trading volume on Tuesday. 27,890 shares were traded during trading, an increase of 3% from the previous session’s volume of 26,999 shares. The stock last traded at $21.2650 and had previously closed at $21.36.

RPAR Risk Parity ETF Stock Down 0.5%

The stock’s 50-day simple moving average is $22.13 and its 200 day simple moving average is $22.38. The company has a market cap of $546.84 million, a price-to-earnings ratio of 16.43 and a beta of 0.69.

RPAR Risk Parity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were given a dividend of $0.1071 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, September 28th. This is a decrease from RPAR Risk Parity ETF’s previous quarterly dividend of $0.2922.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in RPAR Risk Parity ETF stock. Main Street Group LTD purchased a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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.