Pekin Hardy Strauss Inc. Purchases 28,957 Shares of VanEck Oil Refiners ETF $CRAK

Pekin Hardy Strauss Inc. acquired a new position in shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,957 shares of the company’s stock, valued at approximately $1,834,000. Pekin Hardy Strauss Inc. owned 0.24% of VanEck Oil Refiners ETF at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Stegent Equity Advisors Inc. purchased a new position in VanEck Oil Refiners ETF in the third quarter valued at $725,000. South Shore Capital Advisors acquired a new position in VanEck Oil Refiners ETF during the 3rd quarter worth $792,000. Ayalon Insurance Comp Ltd. acquired a new position in VanEck Oil Refiners ETF during the 3rd quarter worth $16,054,000. The Manufacturers Life Insurance Company purchased a new stake in VanEck Oil Refiners ETF during the 1st quarter worth about $1,792,000. Finally, Journey Advisory Group LLC increased 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 worth $11,529,000 after purchasing an additional 134,273 shares during the period.

VanEck Oil Refiners ETF Stock Performance

CRAK stock traded down $1.05 during mid-day trading on Friday, reaching $55.55. The company had a trading volume of 316,210 shares, compared to its average volume of 293,163. The company has a market capitalization of $556.61 million, a price-to-earnings ratio of 13.16 and a beta of 0.58. The firm has a fifty day simple moving average of $63.99 and a 200 day simple moving average of $52.80. VanEck Oil Refiners ETF has a fifty-two week low of $37.26 and a fifty-two week high of $68.37.

VanEck Oil Refiners ETF 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.