VanEck Oil Refiners ETF $CRAK Shares Newly Purchased by BFI Infinity Ltd.

BFI Infinity Ltd. acquired a new position in shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 9,000 shares of the company’s stock, valued at approximately $570,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Community Financial Services Group LLC bought a new stake in VanEck Oil Refiners ETF during the second quarter worth about $29,000. Fifth Third Bancorp bought a new position in VanEck Oil Refiners ETF in the first quarter valued at approximately $40,000. Farther Finance Advisors LLC bought a new stake in shares of VanEck Oil Refiners ETF during the 3rd quarter worth approximately $128,000. Milestone Asset Management LLC bought a new stake in shares of VanEck Oil Refiners ETF during the 3rd quarter worth approximately $222,000. Finally, Ferguson Shapiro LLC bought a new stake in shares of VanEck Oil Refiners ETF during the 1st quarter worth approximately $207,000.

VanEck Oil Refiners ETF Trading Down 1.3%

NYSEARCA CRAK opened at $67.27 on Friday. The company has a market cap of $702.97 million, a PE ratio of 13.16 and a beta of 0.56. VanEck Oil Refiners ETF has a 12 month low of $36.13 and a 12 month high of $68.37. The stock has a 50 day moving average of $62.94 and a 200-day moving average of $54.20.

About VanEck Oil Refiners ETF

The VanEck Oil Refiners ETF (CRAK) is an exchange-traded fund that is based on the MVIS Global Oil Refiners index. The fund tracks a market-cap index of global stocks issued by firms that earn at least 50% of their revenue from oil refining. CRAK was launched on Aug 18, 2015 and is managed by VanEck.