RPAR Risk Parity ETF (NYSEARCA:RPAR) Sees Unusually-High Trading Volume – Still a Buy?

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares saw unusually-strong trading volume on Friday . Approximately 40,456 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 42,233 shares.The stock last traded at $19.57 and had previously closed at $19.79.

RPAR Risk Parity ETF Stock Performance

The firm has a market capitalization of $544.00 million, a price-to-earnings ratio of 17.19 and a beta of 0.66. The business’s 50-day moving average is $19.12 and its two-hundred day moving average is $19.65.

Institutional Trading of RPAR Risk Parity ETF

A hedge fund recently bought a new stake in RPAR Risk Parity ETF stock. Magnolia Private Wealth LLC bought a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,615 shares of the company’s stock, valued at approximately $441,000. Magnolia Private Wealth LLC owned approximately 0.07% of RPAR Risk Parity ETF as of its most recent filing with the Securities and Exchange Commission.

About RPAR Risk Parity ETF

The RPAR Risk Parity ETF (RPAR) is an exchange-traded fund that is based on the Advanced Research Risk Parity index. The fund is an actively managed fund-of-funds allocating to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. RPAR was launched on Dec 13, 2019 and is managed by RPAR.