RPAR Risk Parity ETF (NYSEARCA:RPAR) Sets New 52-Week Low – Time to Sell?

RPAR Risk Parity ETF (NYSEARCA:RPAR) hit a new 52-week low during trading on Thursday. The stock traded as low as $21.00 and last traded at $20.9990, with a volume of 1314 shares changing hands. The stock had previously closed at $21.13.

RPAR Risk Parity ETF Stock Down 0.1%

The stock has a market cap of $546.48 million, a P/E ratio of 16.43 and a beta of 0.69. The firm’s 50-day moving average is $22.13 and its two-hundred day moving average is $22.38.

RPAR Risk Parity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th were paid a dividend of $0.1071 per share. This is a negative change from RPAR Risk Parity ETF’s previous quarterly dividend of $0.2922. The ex-dividend date was Monday, September 28th. This represents a $0.43 annualized dividend and a dividend yield of 2.0%.

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 bought a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.