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

Shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) saw unusually-high trading volume on Wednesday . Approximately 262,410 shares traded 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 capitalization of $546.95 million, a PE ratio of 16.85 and a beta of 0.70. The firm 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 dividend of $0.0829 per share. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Investors Weigh In On RPAR Risk Parity ETF

A hedge fund recently bought a new stake in RPAR Risk Parity ETF stock. Magnolia Private Wealth LLC purchased a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,615 shares of the company’s stock, valued at approximately $441,000. Magnolia Private Wealth LLC owned about 0.07% of RPAR Risk Parity ETF as of its most recent filing with the Securities & 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.