RPAR Risk Parity ETF (NYSEARCA:RPAR) Shares Up 0.3% – Here’s What Happened

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares traded up 0.3% on Thursday. The stock traded as high as $21.67 and last traded at $21.66. Approximately 1,388 shares were traded during trading, a decline of 95% from the average session volume of 26,713 shares. The stock had previously closed at $21.59.

RPAR Risk Parity ETF Stock Up 0.3%

The stock has a market cap of $557.31 million, a PE ratio of 16.43 and a beta of 0.70. The stock has a fifty day moving average of $21.93 and a 200-day moving average of $22.29.

RPAR Risk Parity ETF Cuts Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RPAR Risk Parity ETF stock. Main Street Group LTD bought a new stake in RPAR Risk Parity ETF (NYSEARCA:RPAR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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.