VanEck Retail ETF (NASDAQ:RTH) Shares Up 0.5% – What’s Next?

Shares of VanEck Retail ETF (NASDAQ:RTH) shot up 0.5% on Tuesday . The company traded as high as $259.73 and last traded at $257.69. Approximately 2,206 shares changed hands during trading, a decline of 61% from the average daily volume of 5,720 shares. The stock had previously closed at $256.48.

VanEck Retail ETF Trading Up 0.5%

The stock has a 50 day moving average of $260.56 and a 200-day moving average of $259.45. The company has a market capitalization of $249.96 million, a P/E ratio of 23.92 and a beta of 0.85.

Institutional Trading of VanEck Retail ETF

A number of hedge funds and other institutional investors have recently modified their holdings of RTH. Steward Partners Investment Advisory LLC raised 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 valued at $41,000 after purchasing an additional 39 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of VanEck Retail ETF during the 4th quarter valued at $25,000. Private Advisor Group LLC boosted its holdings in VanEck Retail ETF by 5.8% in the 1st quarter. Private Advisor Group LLC now owns 1,890 shares of the company’s stock worth $474,000 after buying an additional 104 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in VanEck Retail ETF by 11.3% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 1,097 shares of the company’s stock worth $275,000 after buying an additional 111 shares during the period. Finally, Great Diamond Partners LLC increased its stake in VanEck Retail ETF by 1.7% in the 4th quarter. Great Diamond Partners LLC now owns 9,546 shares of the company’s stock worth $2,382,000 after buying an additional 157 shares in the last quarter. 25.85% of the stock is owned by hedge funds and other institutional investors.

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.