RPAR Risk Parity ETF (NYSEARCA:RPAR) Reaches New 12-Month Low – Here’s What Happened

Shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) reached a new 52-week low on Friday. The company traded as low as $20.99 and last traded at $21.03, with a volume of 38,869 shares. The stock had previously closed at $21.12.

RPAR Risk Parity ETF Price Performance

The firm has a market cap of $536.29 million, a price-to-earnings ratio of 16.43 and a beta of 0.70. The firm has a 50 day moving average price of $21.65 and a 200-day moving average price of $22.34.

RPAR Risk Parity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were issued a dividend of $0.1071 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.43 annualized dividend and a yield of 2.0%. This is a decrease 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 the company in its most recent disclosure 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.