RPAR Risk Parity ETF (NYSEARCA:RPAR) Sees Large Volume Increase – Still a Buy?

RPAR Risk Parity ETF (NYSEARCA:RPAR) saw unusually-strong trading volume on Wednesday. 59,678 shares changed hands during mid-day trading, an increase of 131% from the average daily volume of 25,861 shares. The stock last traded at $21.4410 and had previously closed at $21.35.

RPAR Risk Parity ETF Stock Performance

The company has a market capitalization of $548.31 million, a P/E ratio of 16.43 and a beta of 0.70. The business has a 50 day moving average of $21.69 and a 200-day moving average of $22.35.

RPAR Risk Parity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were issued a dividend of $0.1071 per share. This represents a $0.43 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, September 28th. This is a drop from RPAR Risk Parity ETF’s previous quarterly dividend of $0.2922.

Institutional Investors Weigh In On RPAR Risk Parity ETF

A hedge fund recently bought a new position in RPAR Risk Parity ETF stock. Main Street Group LTD purchased a new position in RPAR Risk Parity ETF (NYSEARCA:RPAR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,422 shares of the company’s stock, valued at approximately $165,000.

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.