VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) shares saw strong trading volume on Wednesday. Approximately 486,033 shares were traded during mid-day trading, an increase of 114% from the previous session’s volume of 227,120 shares. The stock last traded at $65.6180 and had previously closed at $65.33.
VanEck Oil Refiners ETF Price Performance
The stock has a market capitalization of $703.70 million, a price-to-earnings ratio of 13.16 and a beta of 0.56. The company’s 50-day simple moving average is $61.66 and its 200-day simple moving average is $53.55.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ayalon Insurance Comp Ltd. acquired a new stake in shares of VanEck Oil Refiners ETF during the third quarter worth $16,054,000. Journey Advisory Group LLC increased its position in VanEck Oil Refiners ETF by 135.5% during the first quarter. Journey Advisory Group LLC now owns 233,373 shares of the company’s stock worth $11,529,000 after acquiring an additional 134,273 shares during the period. The Manufacturers Life Insurance Company bought a new position in VanEck Oil Refiners ETF during the first quarter worth about $1,792,000. J. Safra Sarasin Holding AG acquired a new stake in VanEck Oil Refiners ETF in the 1st quarter worth about $1,077,000. Finally, Western Wealth Management LLC raised its stake in VanEck Oil Refiners ETF by 42.2% in the 1st quarter. Western Wealth Management LLC now owns 19,078 shares of the company’s stock worth $942,000 after purchasing an additional 5,660 shares in the last quarter.
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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