RPAR Risk Parity ETF (NYSEARCA:RPAR) Sees Strong Trading Volume – Here’s What Happened

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares saw unusually-high trading volume on Thursday . Approximately 111,066 shares changed hands during trading, an increase of 236% from the previous session’s volume of 33,014 shares.The stock last traded at $23.04 and had previously closed at $23.07.

RPAR Risk Parity ETF Price Performance

The stock has a market capitalization of $602.98 million, a price-to-earnings ratio of 16.43 and a beta of 0.70. The firm has a fifty day moving average of $22.69 and a 200 day moving average of $22.22.

Hedge Funds Weigh In On RPAR Risk Parity ETF

An institutional investor recently bought a new position in RPAR Risk Parity ETF stock. Main Street Group LTD purchased a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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.