VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 135,829 shares were traded during mid-day trading, a decline of 30% from the previous session’s volume of 194,873 shares.The stock last traded at $65.6950 and had previously closed at $66.46.
VanEck Oil Refiners ETF Price Performance
The company has a market capitalization of $531.68 million, a PE ratio of 13.16 and a beta of 0.54. The business’s 50 day simple moving average is $58.47 and its 200 day simple moving average is $51.69.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Community Financial Services Group LLC purchased a new stake in VanEck Oil Refiners ETF during the 2nd quarter worth about $29,000. Western Wealth Management LLC increased its holdings in shares of VanEck Oil Refiners ETF by 42.2% in the 1st quarter. Western Wealth Management LLC now owns 19,078 shares of the company’s stock valued at $942,000 after acquiring an additional 5,660 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of VanEck Oil Refiners ETF in the 1st quarter valued at about $1,792,000. Journey Advisory Group LLC raised its position in shares of VanEck Oil Refiners ETF by 135.5% during the 1st quarter. Journey Advisory Group LLC now owns 233,373 shares of the company’s stock worth $11,529,000 after acquiring an additional 134,273 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of VanEck Oil Refiners ETF during the 1st quarter worth about $328,000.
About VanEck Oil Refiners ETF
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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