Prevail Innovative Wealth Advisors LLC Makes New Investment in VanEck Commodity Strategy ETF $PIT

Prevail Innovative Wealth Advisors LLC acquired a new position in shares of VanEck Commodity Strategy ETF (BATS:PIT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 115,567 shares of the company’s stock, valued at approximately $6,103,000. VanEck Commodity Strategy ETF accounts for 1.1% of Prevail Innovative Wealth Advisors LLC’s portfolio, making the stock its 21st largest position. Prevail Innovative Wealth Advisors LLC owned about 16.51% of VanEck Commodity Strategy ETF at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Tucker Asset Management LLC acquired a new position in VanEck Commodity Strategy ETF during the fourth quarter worth $104,000. Breakwater Investment Management raised its position in VanEck Commodity Strategy ETF by 6.2% during the fourth quarter. Breakwater Investment Management now owns 12,220 shares of the company’s stock worth $645,000 after acquiring an additional 711 shares during the period. Saxony Capital Management LLC acquired a new position in VanEck Commodity Strategy ETF during the fourth quarter worth $729,000. ORG Partners LLC raised its position in VanEck Commodity Strategy ETF by 11.4% during the fourth quarter. ORG Partners LLC now owns 39,123 shares of the company’s stock worth $2,068,000 after acquiring an additional 4,009 shares during the period. Finally, Van ECK Associates Corp raised its position in VanEck Commodity Strategy ETF by 13.4% during the third quarter. Van ECK Associates Corp now owns 625,322 shares of the company’s stock worth $34,280,000 after acquiring an additional 74,013 shares during the period.

VanEck Commodity Strategy ETF Trading Down 2.2%

Shares of BATS PIT opened at $76.08 on Thursday. The firm has a 50-day simple moving average of $72.93 and a 200-day simple moving average of $62.78. VanEck Commodity Strategy ETF has a 52 week low of $48.39 and a 52 week high of $78.42.

About VanEck Commodity Strategy ETF

The VanEck Commodity Strategy ETF (PIT) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed fund that invests in commodity securities from the energy, precious metals, industrial metals, agriculture and livestock sectors. The fund uses an optimized process to maximize risk-adjusted returns. PIT was launched on Dec 20, 2022 and is managed by VanEck.