VanEck Retail ETF (NASDAQ:RTH) Trading Up 2.9% – Should You Buy?
by Teresa Graham · The Cerbat GemShares of VanEck Retail ETF (NASDAQ:RTH – Get Free Report) were up 2.9% on Wednesday . The stock traded as high as $259.40 and last traded at $259.40. Approximately 4,533 shares were traded during trading, a decline of 18% from the average daily volume of 5,507 shares. The stock had previously closed at $251.97.
VanEck Retail ETF Trading Down 0.7%
The business has a fifty day simple moving average of $258.00 and a two-hundred day simple moving average of $254.77. The company has a market cap of $262.08 million, a PE ratio of 23.92 and a beta of 0.89.
Institutional Trading of VanEck Retail ETF
A number of hedge funds and other institutional investors have recently modified their holdings of RTH. Rockefeller Capital Management L.P. acquired a new stake in shares of VanEck Retail ETF during the 4th quarter worth about $25,000. Beacon Capital Management Inc. acquired a new stake in shares of VanEck Retail ETF during the 2nd quarter worth about $37,000. Steward Partners Investment Advisory LLC increased its position in shares of VanEck Retail ETF by 31.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 165 shares of the company’s stock worth $41,000 after purchasing an additional 39 shares during the last quarter. Union Savings Bank acquired a new stake in shares of VanEck Retail ETF during the 4th quarter worth about $50,000. Finally, Strive Financial Group LLC acquired a new stake in shares of VanEck Retail ETF during the 4th quarter worth about $80,000. 25.85% of the stock is owned by institutional investors and hedge funds.
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.