PMV Adaptive Risk Parity ETF $ARP Shares Acquired by PMV Capital Advisers LLC

PMV Capital Advisers LLC raised its stake in shares of PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 11.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 596,088 shares of the company’s stock after purchasing an additional 61,364 shares during the quarter. PMV Adaptive Risk Parity ETF comprises about 31.6% of PMV Capital Advisers LLC’s investment portfolio, making the stock its largest position. PMV Capital Advisers LLC owned 0.30% of PMV Adaptive Risk Parity ETF worth $18,705,000 as of its most recent SEC filing.

PMV Adaptive Risk Parity ETF Price Performance

ARP opened at $32.83 on Monday. The company has a fifty day simple moving average of $32.92 and a 200 day simple moving average of $32.32. The stock has a market cap of $65.33 million, a P/E ratio of -3.65 and a beta of 0.46. PMV Adaptive Risk Parity ETF has a 12 month low of $28.18 and a 12 month high of $34.00.

About PMV Adaptive Risk Parity ETF

The Pmv Adaptive Risk Parity ETF (ARP) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is an actively managed fund-of-funds that allocates to a variety of asset classes: global equities, fixed-income securities, commodities, and currencies based on risk parity. ARP was launched on Dec 21, 2022 and is managed by PMV.