MGO One Seven LLC Makes New $1.77 Million Investment in VanEck Oil Refiners ETF $CRAK

MGO One Seven LLC purchased a new position in VanEck Oil Refiners ETF (NYSEARCA:CRAK) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 27,885 shares of the company’s stock, valued at approximately $1,766,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRAK. Community Financial Services Group LLC bought a new position in shares of VanEck Oil Refiners ETF during the 2nd quarter worth about $29,000. Fifth Third Bancorp bought a new stake in VanEck Oil Refiners ETF in the 1st quarter valued at about $40,000. Farther Finance Advisors LLC bought a new stake in VanEck Oil Refiners ETF in the 3rd quarter valued at about $128,000. Simplicity Wealth LLC acquired a new position in VanEck Oil Refiners ETF during the 3rd quarter worth approximately $216,000. Finally, Sigma Planning Corp acquired a new position in VanEck Oil Refiners ETF during the 3rd quarter worth approximately $220,000.

VanEck Oil Refiners ETF Stock Performance

Shares of NYSEARCA:CRAK opened at $58.85 on Thursday. The business’s 50 day simple moving average is $64.12 and its two-hundred day simple moving average is $52.64. The firm has a market cap of $679.72 million, a P/E ratio of 13.16 and a beta of 0.58. VanEck Oil Refiners ETF has a 52-week low of $37.26 and a 52-week high of $68.37.

About VanEck Oil Refiners ETF

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.