RPAR Risk Parity ETF (NYSEARCA:RPAR) Sees Large Volume Increase – What’s Next?

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares saw unusually-high trading volume on Tuesday. 27,890 shares were traded during mid-day trading, an increase of 3% from the previous session’s volume of 26,999 shares. The stock last traded at $21.2650 and had previously closed at $21.36.

RPAR Risk Parity ETF Stock Performance

The firm has a market capitalization of $547.91 million, a price-to-earnings ratio of 16.43 and a beta of 0.69. The business has a fifty day moving average price of $22.16 and a 200 day moving average price of $22.40.

RPAR Risk Parity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th will be given a dividend of $0.1071 per share. This represents a $0.43 dividend on an annualized basis and a yield of 2.0%. This is a drop from RPAR Risk Parity ETF’s previous quarterly dividend of $0.2922. The ex-dividend date of this dividend is Monday, September 28th.

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 acquired a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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.