VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $66.99 and last traded at $66.9510, with a volume of 259444 shares changing hands. The stock had previously closed at $65.80.
VanEck Oil Refiners ETF Stock Performance
The company’s 50-day moving average price is $61.43 and its 200 day moving average price is $53.41. The stock has a market capitalization of $701.61 million, a PE ratio of 13.16 and a beta of 0.56.
Hedge Funds Weigh In On VanEck Oil Refiners ETF
A number of institutional investors have recently bought and sold shares of CRAK. Ayalon Insurance Comp Ltd. purchased a new stake in VanEck Oil Refiners ETF in the third quarter worth about $16,054,000. Journey Advisory Group LLC grew its holdings 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 during the period. The Manufacturers Life Insurance Company purchased a new position in shares of VanEck Oil Refiners ETF during the 1st quarter worth approximately $1,792,000. J. Safra Sarasin Holding AG bought a new position in shares of VanEck Oil Refiners ETF in the 1st quarter worth approximately $1,077,000. Finally, Western Wealth Management LLC raised its position 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 worth $942,000 after acquiring an additional 5,660 shares in the last quarter.
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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