RPAR Risk Parity ETF (NYSEARCA:RPAR) Trading Down 0.5% – Should You Sell?

Shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) were down 0.5% on Thursday . The stock traded as low as $19.46 and last traded at $19.49. Approximately 48,386 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 60,211 shares. The stock had previously closed at $19.58.

RPAR Risk Parity ETF Stock Up 0.3 %

The stock has a market capitalization of $542.24 million, a P/E ratio of 16.73 and a beta of 0.69. The business has a 50-day simple moving average of $19.47 and a two-hundred day simple moving average of $19.59.

RPAR Risk Parity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, March 27th were given a $0.0829 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On RPAR Risk Parity ETF

An institutional investor recently bought a new position in RPAR Risk Parity ETF stock. Magnolia Private Wealth LLC acquired a new stake in RPAR Risk Parity ETF (NYSEARCA:RPAR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 23,615 shares of the company’s stock, valued at approximately $441,000. Magnolia Private Wealth LLC owned approximately 0.07% of RPAR Risk Parity ETF at the end of the most recent quarter.

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.