NewEdge Advisors LLC Sells 13,229 Shares of VanEck Retail ETF $RTH

NewEdge Advisors LLC decreased its holdings in shares of VanEck Retail ETF (NASDAQ:RTH) by 90.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,393 shares of the company’s stock after selling 13,229 shares during the period. NewEdge Advisors LLC owned 0.14% of VanEck Retail ETF worth $349,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of VanEck Retail ETF by 7.7% during the third quarter. Bank of America Corp DE now owns 45,060 shares of the company’s stock valued at $11,305,000 after purchasing an additional 3,213 shares in the last quarter. Equitable Holdings Inc. raised its stake in VanEck Retail ETF by 4.3% in the fourth quarter. Equitable Holdings Inc. now owns 28,472 shares of the company’s stock worth $7,104,000 after buying an additional 1,167 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in VanEck Retail ETF by 241.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,617 shares of the company’s stock worth $6,391,000 after buying an additional 18,113 shares in the last quarter. Cetera Investment Advisers raised its stake in VanEck Retail ETF by 13.9% in the first quarter. Cetera Investment Advisers now owns 23,947 shares of the company’s stock worth $6,008,000 after buying an additional 2,918 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in VanEck Retail ETF by 3.8% during the third quarter. JPMorgan Chase & Co. now owns 20,753 shares of the company’s stock worth $5,207,000 after buying an additional 753 shares during the period. Institutional investors own 25.85% of the company’s stock.

VanEck Retail ETF Trading Down 0.1%

Shares of NASDAQ RTH opened at $272.06 on Wednesday. The stock has a market capitalization of $261.18 million, a PE ratio of 23.92 and a beta of 0.85. The stock’s fifty day simple moving average is $258.80 and its two-hundred day simple moving average is $260.33. VanEck Retail ETF has a 12-month low of $240.98 and a 12-month high of $274.42.

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.