Northwestern Mutual Wealth Management Co. Grows Stake in VanEck Retail ETF $RTH

Northwestern Mutual Wealth Management Co. increased its stake in VanEck Retail ETF (NASDAQ:RTH) by 241.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,617 shares of the company’s stock after acquiring an additional 18,113 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in VanEck Retail ETF were worth $6,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. purchased a new position in VanEck Retail ETF in the second quarter worth about $235,000. Maridea Wealth Management LLC purchased a new position in VanEck Retail ETF in the third quarter worth about $250,000. Jones Financial Companies Lllp grew its position in VanEck Retail ETF by 68.1% in the third quarter. Jones Financial Companies Lllp now owns 1,377 shares of the company’s stock worth $344,000 after acquiring an additional 558 shares in the last quarter. AE Wealth Management LLC grew its position in VanEck Retail ETF by 10.4% in the third quarter. AE Wealth Management LLC now owns 1,599 shares of the company’s stock worth $401,000 after acquiring an additional 150 shares in the last quarter. Finally, Royal Bank of Canada grew its position in VanEck Retail ETF by 24.4% in the first quarter. Royal Bank of Canada now owns 1,694 shares of the company’s stock worth $382,000 after acquiring an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 25.85% of the company’s stock.

VanEck Retail ETF Trading Down 0.1%

RTH opened at $263.68 on Friday. The firm has a market cap of $258.41 million, a P/E ratio of 23.92 and a beta of 0.88. VanEck Retail ETF has a 12 month low of $230.40 and a 12 month high of $271.99. The stock has a 50-day moving average of $260.03 and a 200 day moving average of $258.17.

VanEck Retail ETF 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.