RPAR Risk Parity ETF (NYSEARCA:RPAR) Sees Large Volume Increase – What’s Next?

Shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) saw strong trading volume on Wednesday . 262,410 shares changed hands during mid-day trading, an increase of 428% from the previous session’s volume of 49,722 shares.The stock last traded at $19.74 and had previously closed at $19.75.

RPAR Risk Parity ETF Stock Performance

The company has a market cap of $546.95 million, a P/E ratio of 16.85 and a beta of 0.70. The business has a fifty day simple moving average of $19.50 and a 200 day simple moving average of $19.58.

RPAR Risk Parity ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, March 27th were issued a $0.0829 dividend. The ex-dividend date 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 purchased a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,615 shares of the company’s stock, valued at approximately $441,000. Magnolia Private Wealth LLC owned 0.07% of RPAR Risk Parity ETF as of its most recent filing with the Securities and Exchange Commission.

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.