RPAR Risk Parity ETF (NYSEARCA:RPAR) Stock Price Down 0.3% – Here’s What Happened

RPAR Risk Parity ETF (NYSEARCA:RPAR)’s share price fell 0.3% during mid-day trading on Monday . The stock traded as low as $19.31 and last traded at $19.31. 52,505 shares were traded during trading, a decline of 14% from the average session volume of 61,318 shares. The stock had previously closed at $19.36.

RPAR Risk Parity ETF Stock Performance

The business’s fifty day simple moving average is $19.26 and its 200 day simple moving average is $19.32. The stock has a market cap of $508.43 million, a price-to-earnings ratio of 16.43 and a beta of 0.72.

Hedge Funds 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 bought a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 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 SEC filing.

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.