115,567 Shares in VanEck Commodity Strategy ETF $PIT Purchased by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC acquired a new position in shares of VanEck Commodity Strategy ETF (BATS:PIT) in the 4th quarter, HoldingsChannel reports. The firm acquired 115,567 shares of the company’s stock, valued at approximately $6,103,000. VanEck Commodity Strategy ETF accounts for about 1.1% of Prevail Innovative Wealth Advisors LLC’s portfolio, making the stock its 21st biggest position. Prevail Innovative Wealth Advisors LLC owned approximately 0.17% of VanEck Commodity Strategy ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tucker Asset Management LLC acquired a new stake in VanEck Commodity Strategy ETF during the fourth quarter worth about $104,000. Breakwater Investment Management boosted its stake in VanEck Commodity Strategy ETF by 6.2% during the fourth quarter. Breakwater Investment Management now owns 12,220 shares of the company’s stock worth $645,000 after buying an additional 711 shares during the period. Saxony Capital Management LLC purchased a new position in VanEck Commodity Strategy ETF during the fourth quarter worth about $729,000. ORG Partners LLC boosted its stake in VanEck Commodity Strategy ETF by 11.4% during the fourth quarter. ORG Partners LLC now owns 39,123 shares of the company’s stock worth $2,068,000 after buying an additional 4,009 shares during the period. Finally, Van ECK Associates Corp boosted its stake in VanEck Commodity Strategy ETF by 13.4% during the third quarter. Van ECK Associates Corp now owns 625,322 shares of the company’s stock worth $34,280,000 after buying an additional 74,013 shares during the period.

VanEck Commodity Strategy ETF Stock Down 2.2%

Shares of PIT stock opened at $76.08 on Thursday. The company has a 50-day moving average of $72.93 and a two-hundred day moving average of $62.78. VanEck Commodity Strategy ETF has a 1-year low of $48.39 and a 1-year high of $78.42.

About VanEck Commodity Strategy ETF

The VanEck Commodity Strategy ETF (PIT) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed fund that invests in commodity securities from the energy, precious metals, industrial metals, agriculture and livestock sectors. The fund uses an optimized process to maximize risk-adjusted returns. PIT was launched on Dec 20, 2022 and is managed by VanEck.