Van ECK Associates Corp Increases Stock Holdings in VanEck Commodity Strategy ETF $PIT

Van ECK Associates Corp lifted its position in VanEck Commodity Strategy ETF (BATS:PIT) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,322 shares of the company’s stock after acquiring an additional 74,013 shares during the quarter. Van ECK Associates Corp owned approximately 89.33% of VanEck Commodity Strategy ETF worth $34,280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Breakwater Investment Management boosted its holdings in shares of VanEck Commodity Strategy ETF by 24.9% in the 3rd quarter. Breakwater Investment Management now owns 11,509 shares of the company’s stock worth $631,000 after buying an additional 2,291 shares during the last quarter. Castleview Partners LLC raised its position in VanEck Commodity Strategy ETF by 26.2% in the third quarter. Castleview Partners LLC now owns 30,076 shares of the company’s stock worth $1,649,000 after acquiring an additional 6,245 shares during the period. Finally, ORG Partners LLC raised its position in VanEck Commodity Strategy ETF by 7.6% in the third quarter. ORG Partners LLC now owns 35,114 shares of the company’s stock worth $1,926,000 after acquiring an additional 2,495 shares during the period.

VanEck Commodity Strategy ETF Price Performance

VanEck Commodity Strategy ETF stock opened at $68.86 on Thursday. VanEck Commodity Strategy ETF has a twelve month low of $45.32 and a twelve month high of $72.10. The firm has a 50 day moving average price of $58.90 and a 200-day moving average price of $56.45.

VanEck Commodity Strategy ETF 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.