RPAR Risk Parity ETF (NYSEARCA:RPAR) Stock Falls 0.9% – Here’s Why

RPAR Risk Parity ETF (NYSEARCA:RPAR)’s share price dropped 0.9% during mid-day trading on Thursday. The stock traded as low as $21.61 and last traded at $21.61. 4,131 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 27,200 shares. The stock had previously closed at $21.81.

RPAR Risk Parity ETF Stock Performance

The business’s fifty day moving average is $22.17 and its 200-day moving average is $22.42. The firm has a market cap of $560.78 million, a P/E ratio of 16.43 and a beta of 0.69.

RPAR Risk Parity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a $0.2922 dividend. This is an increase from RPAR Risk Parity ETF’s previous quarterly dividend of $0.0145. The ex-dividend date was Monday, June 29th. This represents a $1.17 annualized dividend and a yield of 5.4%.

Hedge Funds Weigh In On RPAR Risk Parity ETF

An institutional investor recently bought a new position in RPAR Risk Parity ETF stock. Main Street Group LTD purchased a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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.