VanEck Retail ETF (NASDAQ:RTH) Stock Price Up 0.6% – Here’s What Happened

VanEck Retail ETF (NASDAQ:RTH)’s share price rose 0.6% during trading on Wednesday . The stock traded as high as $266.82 and last traded at $265.75. Approximately 8,098 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 5,899 shares. The stock had previously closed at $264.28.

VanEck Retail ETF Stock Performance

The company has a 50 day moving average price of $259.84 and a 200 day moving average price of $258.04. The firm has a market cap of $260.44 million, a price-to-earnings ratio of 23.92 and a beta of 0.88.

Hedge Funds Weigh In On VanEck Retail ETF

Several large investors have recently modified their holdings of RTH. Rockefeller Capital Management L.P. acquired a new position in shares of VanEck Retail ETF in the 4th quarter valued at $25,000. Steward Partners Investment Advisory LLC lifted its stake in shares of VanEck Retail ETF by 31.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 165 shares of the company’s stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. Union Savings Bank acquired a new position in shares of VanEck Retail ETF in the 4th quarter valued at $50,000. Strive Financial Group LLC acquired a new position in shares of VanEck Retail ETF in the 4th quarter valued at $80,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of VanEck Retail ETF in the 4th quarter valued at $148,000. Institutional investors and hedge funds own 25.85% of the company’s stock.

About VanEck Retail ETF

The VanEck Retail ETF (RTH) is an exchange-traded fund that is based on the MVIS US Listed Retail 25 index, a market-cap-weighted index of the 25 largest US-listed companies that derive most of their revenue from retail. RTH was launched on May 2, 2001 and is managed by VanEck.