RPAR Risk Parity ETF (NYSEARCA:RPAR) Trading Up 0.4% – Here’s Why

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares shot up 0.4% during trading on Thursday . The stock traded as high as $22.62 and last traded at $22.55. Approximately 23,710 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 28,903 shares. The stock had previously closed at $22.46.

RPAR Risk Parity ETF Stock Performance

The firm has a 50 day simple moving average of $22.79 and a two-hundred day simple moving average of $22.53. The stock has a market cap of $595.32 million, a P/E ratio of 16.43 and a beta of 0.69.

Institutional Investors Weigh In On RPAR Risk Parity ETF

A hedge fund recently bought a new position in RPAR Risk Parity ETF stock. Main Street Group LTD acquired a new position in RPAR Risk Parity ETF (NYSEARCA:RPAR) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.