Convergence Financial LLC acquired a new stake in shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK – Free Report) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 56,068 shares of the company’s stock, valued at approximately $3,551,000.
Other institutional investors have also added to or reduced their stakes in the company. Ayalon Insurance Comp Ltd. bought a new position in VanEck Oil Refiners ETF in the 3rd quarter worth about $16,054,000. Journey Advisory Group LLC grew its holdings in 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 valued at $11,529,000 after buying an additional 134,273 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of VanEck Oil Refiners ETF during the first quarter valued at about $1,792,000. J. Safra Sarasin Holding AG bought a new stake in shares of VanEck Oil Refiners ETF during the first quarter valued at about $1,077,000. Finally, Western Wealth Management LLC increased its position in shares of 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 buying an additional 5,660 shares during the period.
VanEck Oil Refiners ETF Trading Down 0.4%
Shares of VanEck Oil Refiners ETF stock opened at $61.95 on Thursday. VanEck Oil Refiners ETF has a 12-month low of $37.26 and a 12-month high of $68.37. The company has a market cap of $755.79 million, a price-to-earnings ratio of 13.16 and a beta of 0.56. The company’s 50-day moving average price is $64.06 and its 200-day moving average price is $52.11.
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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