Tucker Asset Management LLC Makes New $1.56 Million Investment in VanEck Commodity Strategy ETF $PIT

Tucker Asset Management LLC acquired a new position in shares of VanEck Commodity Strategy ETF (BATS:PIT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,972 shares of the company’s stock, valued at approximately $1,556,000. Tucker Asset Management LLC owned 2.71% of VanEck Commodity Strategy ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new stake in shares of VanEck Commodity Strategy ETF during the first quarter worth about $1,964,000. Kestra Advisory Services LLC purchased a new position in VanEck Commodity Strategy ETF in the 1st quarter valued at about $808,000. Apollon Wealth Management LLC purchased a new position in VanEck Commodity Strategy ETF in the 1st quarter valued at about $387,000. Finally, Compass Financial Management LLC purchased a new position in VanEck Commodity Strategy ETF in the 2nd quarter valued at about $119,000.

VanEck Commodity Strategy ETF Trading Down 3.8%

PIT stock opened at $81.15 on Tuesday. VanEck Commodity Strategy ETF has a 12-month low of $52.62 and a 12-month high of $87.08. The business’s 50-day moving average is $82.45 and its 200 day moving average is $72.50.

VanEck Commodity Strategy ETF Company Profile

The VanEck Commodity Strategy ETF (PIT) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed fund that invests in commodity securities from the energy, precious metals, industrial metals, agriculture and livestock sectors. The fund uses an optimized process to maximize risk-adjusted returns. PIT was launched on Dec 20, 2022 and is managed by VanEck.