NewEdge Advisors LLC lifted its stake in VanEck Retail ETF (NASDAQ:RTH – Free Report) by 31.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,650 shares of the company’s stock after acquiring an additional 4,183 shares during the period. NewEdge Advisors LLC’s holdings in VanEck Retail ETF were worth $4,514,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RTH. Northwestern Mutual Wealth Management Co. boosted its position in VanEck Retail ETF by 241.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,617 shares of the company’s stock worth $6,391,000 after purchasing an additional 18,113 shares during the period. Cetera Investment Advisers raised its position in shares of VanEck Retail ETF by 13.9% in the first quarter. Cetera Investment Advisers now owns 23,947 shares of the company’s stock valued at $6,008,000 after purchasing an additional 2,918 shares during the period. Royal Bank of Canada raised its position in shares of VanEck Retail ETF by 584.0% in the first quarter. Royal Bank of Canada now owns 10,212 shares of the company’s stock valued at $2,563,000 after purchasing an additional 8,719 shares during the period. Great Diamond Partners LLC lifted its stake in shares of VanEck Retail ETF by 1.7% in the fourth quarter. Great Diamond Partners LLC now owns 9,546 shares of the company’s stock worth $2,382,000 after buying an additional 157 shares during the last quarter. Finally, Aspire Capital Advisors LLC acquired a new stake in shares of VanEck Retail ETF in the second quarter worth $1,446,000. 25.85% of the stock is currently owned by institutional investors and hedge funds.
VanEck Retail ETF Trading Up 0.8%
NASDAQ RTH opened at $259.57 on Tuesday. The company has a fifty day simple moving average of $263.18 and a 200 day simple moving average of $260.74. The company has a market cap of $12.98 million, a P/E ratio of 23.92 and a beta of 0.84. VanEck Retail ETF has a 1 year low of $242.88 and a 1 year high of $275.19.
About VanEck Retail ETF
The VanEck Retail ETF (RTH) is an exchange-traded fund that is based on the MVIS US Listed Retail 25 index, a market-cap-weighted index of the 25 largest US-listed companies that derive most of their revenue from retail. RTH was launched on May 2, 2001 and is managed by VanEck.
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