VanEck Retail ETF (NASDAQ:RTH) Trading Up 2.9% – Here’s Why

Shares of VanEck Retail ETF (NASDAQ:RTH) rose 2.9% during mid-day trading on Wednesday . The stock traded as high as $259.40 and last traded at $259.40. Approximately 4,533 shares traded hands during trading, a decline of 18% from the average daily volume of 5,507 shares. The stock had previously closed at $251.97.

VanEck Retail ETF Stock Performance

The firm has a fifty day simple moving average of $257.90 and a 200-day simple moving average of $254.61. The company has a market capitalization of $259.40 million, a PE ratio of 23.92 and a beta of 0.89.

Institutional Investors Weigh In On VanEck Retail ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in VanEck Retail ETF by 7.7% during the 3rd quarter. Bank of America Corp DE now owns 45,060 shares of the company’s stock worth $11,305,000 after purchasing an additional 3,213 shares during the last quarter. Equitable Holdings Inc. increased its holdings in VanEck Retail ETF by 4.3% during the 4th quarter. Equitable Holdings Inc. now owns 28,472 shares of the company’s stock worth $7,104,000 after purchasing an additional 1,167 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings 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 worth $6,391,000 after purchasing an additional 18,113 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of VanEck Retail ETF by 14.5% in the 4th quarter. Cetera Investment Advisers now owns 21,029 shares of the company’s stock valued at $5,247,000 after acquiring an additional 2,668 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of VanEck Retail ETF by 3.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,753 shares of the company’s stock valued at $5,207,000 after acquiring an additional 753 shares during the last quarter. 25.85% of the stock is currently owned by hedge funds and other institutional investors.

VanEck Retail ETF Company Profile

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.