VanEck Retail ETF (NASDAQ:RTH – Get Free Report) was down 0.5% during mid-day trading on Tuesday. The company traded as low as $265.84 and last traded at $266.5260. 4,679 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 5,215 shares. The stock had previously closed at $267.78.
VanEck Retail ETF Price Performance
The firm has a market capitalization of $247.87 million, a P/E ratio of 23.92 and a beta of 0.85. The company has a fifty day moving average of $260.30 and a 200 day moving average of $260.87.
Institutional Investors Weigh In On VanEck Retail ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers boosted its position in shares of VanEck Retail ETF by 13.9% during the first quarter. Cetera Investment Advisers now owns 23,947 shares of the company’s stock valued at $6,008,000 after buying an additional 2,918 shares during the last quarter. NewEdge Advisors LLC grew its stake in VanEck Retail ETF by 31.1% in the 2nd quarter. NewEdge Advisors LLC now owns 17,650 shares of the company’s stock valued at $4,514,000 after purchasing an additional 4,183 shares during the period. Royal Bank of Canada raised its stake in shares of VanEck Retail ETF by 584.0% during the 1st quarter. Royal Bank of Canada now owns 10,212 shares of the company’s stock worth $2,563,000 after purchasing an additional 8,719 shares during the period. Envestnet Asset Management Inc. raised its position in VanEck Retail ETF by 16.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,045 shares of the company’s stock worth $1,802,000 after acquiring an additional 1,005 shares during the period. Finally, Aspire Capital Advisors LLC bought a new stake in shares of VanEck Retail ETF in the 2nd quarter worth approximately $1,446,000. 25.85% of the stock is owned by institutional investors.
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.
See Also
- Five stocks we like better than VanEck Retail ETF
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Receive News & Ratings for VanEck Retail ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Retail ETF and related companies with MarketBeat.com's FREE daily email newsletter.
