RPAR Risk Parity ETF (NYSEARCA:RPAR) Trading Down 0.5% – Here’s Why

RPAR Risk Parity ETF (NYSEARCA:RPAR) was down 0.5% during mid-day trading on Thursday . The stock traded as low as $19.46 and last traded at $19.49. Approximately 48,386 shares changed hands during 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 Trading Up 0.3 %

The firm has a 50-day moving average price of $19.47 and a 200 day moving average price of $19.59. The company has a market cap of $542.24 million, a price-to-earnings ratio of 16.73 and a beta of 0.69.

RPAR Risk Parity ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 27th were issued 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 fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

About RPAR Risk Parity ETF

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.