VanEck Retail ETF (NASDAQ:RTH) Stock Price Down 0.4% – Should You Sell?

VanEck Retail ETF (NASDAQ:RTH) dropped 0.4% during mid-day trading on Monday . The stock traded as low as $259.59 and last traded at $260.72. Approximately 9,961 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 5,442 shares. The stock had previously closed at $261.67.

VanEck Retail ETF Stock Performance

The business has a 50-day simple moving average of $259.23 and a 200 day simple moving average of $253.37. The firm has a market cap of $263.33 million, a P/E ratio of 23.92 and a beta of 0.89.

VanEck Retail ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $2.4205 per share. This represents a dividend yield of 97.0%. The ex-dividend date was Monday, December 22nd.

Institutional Trading of VanEck Retail ETF

Several large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its position in VanEck Retail ETF by 241.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,617 shares of the company’s stock valued at $6,391,000 after purchasing an additional 18,113 shares during the period. NewEdge Advisors LLC boosted its stake in shares of VanEck Retail ETF by 29,984.1% during the 3rd quarter. NewEdge Advisors LLC now owns 13,237 shares of the company’s stock valued at $3,321,000 after purchasing an additional 13,193 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of VanEck Retail ETF during the third quarter valued at about $2,057,000. Guerra Advisors Inc bought a new position in VanEck Retail ETF in the third quarter worth about $1,513,000. Finally, Park Avenue Securities LLC bought a new position in VanEck Retail ETF in the third quarter worth about $1,209,000. Institutional investors own 25.85% of the company’s stock.

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.