Park Avenue Securities LLC Makes New Investment in VanEck Retail ETF (NASDAQ:RTH)

Park Avenue Securities LLC purchased a new position in VanEck Retail ETF (NASDAQ:RTH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,702 shares of the company’s stock, valued at approximately $1,503,000. Park Avenue Securities LLC owned approximately 0.68% of VanEck Retail ETF as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RTH. Great Diamond Partners LLC purchased a new stake in shares of VanEck Retail ETF during the 3rd quarter valued at about $1,915,000. Keystone Wealth Services LLC bought a new position in VanEck Retail ETF in the 3rd quarter worth about $750,000. CX Institutional bought a new position in VanEck Retail ETF in the 3rd quarter worth about $377,000. PFG Investments LLC bought a new position in VanEck Retail ETF in the 3rd quarter worth about $297,000. Finally, Cetera Investment Advisers boosted its stake in shares of VanEck Retail ETF by 7.0% during the second quarter. Cetera Investment Advisers now owns 15,107 shares of the company’s stock valued at $3,108,000 after purchasing an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 25.85% of the company’s stock.

VanEck Retail ETF Stock Performance

NASDAQ RTH opened at $230.75 on Friday. The firm’s 50 day moving average price is $228.95 and its 200-day moving average price is $217.30. VanEck Retail ETF has a 52-week low of $187.58 and a 52-week high of $240.27. The company has a market cap of $226.13 million, a PE ratio of 29.36 and a beta of 0.88.

VanEck Retail ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were given a dividend of $1.732 per share. The ex-dividend date was Monday, December 23rd.

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.