VanEck Oil Refiners ETF (NYSEARCA:CRAK) Hits New 1-Year High – Still a Buy?

VanEck Oil Refiners ETF (NYSEARCA:CRAK)’s share price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $68.00 and last traded at $67.94, with a volume of 1,035,059 shares. The stock had previously closed at $65.81.

VanEck Oil Refiners ETF Trading Up 3.2%

The company has a market cap of $709.97 million, a price-to-earnings ratio of 13.16 and a beta of 0.56. The firm’s fifty day simple moving average is $62.38 and its 200 day simple moving average is $53.94.

Institutional Investors Weigh In On VanEck Oil Refiners ETF

Institutional investors have recently modified their holdings of the company. Ayalon Insurance Comp Ltd. acquired a new position in shares of VanEck Oil Refiners ETF during the third quarter worth $16,054,000. Journey Advisory Group LLC increased its holdings in 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 valued at $11,529,000 after buying an additional 134,273 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in VanEck Oil Refiners ETF in the first quarter valued at $1,792,000. J. Safra Sarasin Holding AG acquired a new stake in VanEck Oil Refiners ETF in the first quarter valued at $1,077,000. Finally, Western Wealth Management LLC raised its stake in 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 buying 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.