VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) shares saw strong trading volume on Thursday . 543,069 shares traded hands during trading, an increase of 154% from the previous session’s volume of 213,451 shares.The stock last traded at $64.2870 and had previously closed at $64.08.
VanEck Oil Refiners ETF Price Performance
The company has a fifty day moving average of $59.49 and a two-hundred day moving average of $52.21. The stock has a market capitalization of $589.12 million, a P/E ratio of 13.16 and a beta of 0.54.
Hedge Funds Weigh In On VanEck Oil Refiners ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Community Financial Services Group LLC bought a new position in shares of VanEck Oil Refiners ETF during the 2nd quarter valued at $29,000. Western Wealth Management LLC raised its position in shares of VanEck Oil Refiners ETF by 42.2% in the first quarter. Western Wealth Management LLC now owns 19,078 shares of the company’s stock valued at $942,000 after purchasing an additional 5,660 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of VanEck Oil Refiners ETF in the first quarter valued at approximately $1,792,000. Journey Advisory Group LLC lifted its stake in shares of VanEck Oil Refiners ETF by 135.5% in the first quarter. Journey Advisory Group LLC now owns 233,373 shares of the company’s stock worth $11,529,000 after buying an additional 134,273 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of VanEck Oil Refiners ETF in the first quarter worth $328,000.
VanEck Oil Refiners ETF Company Profile
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.
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