Shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) saw unusually-strong trading volume on Wednesday. Approximately 486,033 shares traded hands during trading, an increase of 114% from the previous session’s volume of 227,120 shares. The stock last traded at $65.6180 and had previously closed at $65.33.
VanEck Oil Refiners ETF Stock Up 0.5%
The firm has a market capitalization of $686.00 million, a price-to-earnings ratio of 13.16 and a beta of 0.56. The stock has a 50 day moving average of $61.20 and a 200 day moving average of $53.29.
Institutional Investors Weigh In On VanEck Oil Refiners ETF
A number of institutional investors have recently made changes to their positions in the company. Community Financial Services Group LLC bought a new position in VanEck Oil Refiners ETF during the second quarter worth $29,000. Western Wealth Management LLC increased its stake in VanEck Oil Refiners ETF by 42.2% during the first quarter. Western Wealth Management LLC now owns 19,078 shares of the company’s stock valued at $942,000 after purchasing an additional 5,660 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of VanEck Oil Refiners ETF during the first quarter worth $1,792,000. Journey Advisory Group LLC lifted its position in shares of VanEck Oil Refiners ETF by 135.5% in the 1st quarter. Journey Advisory Group LLC now owns 233,373 shares of the company’s stock worth $11,529,000 after buying an additional 134,273 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of VanEck Oil Refiners ETF in the 1st quarter worth about $328,000.
VanEck Oil Refiners ETF Company Profile
The VanEck Oil Refiners ETF (CRAK) is an exchange-traded fund that is based on the MVIS Global Oil Refiners index. The fund tracks a market-cap index of global stocks issued by firms that earn at least 50% of their revenue from oil refining. CRAK was launched on Aug 18, 2015 and is managed by VanEck.
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