VanEck Oil Refiners ETF (NYSEARCA:CRAK) Reaches New 52-Week High – What’s Next?

Shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.59 and last traded at $66.51, with a volume of 426704 shares. The stock had previously closed at $65.24.

VanEck Oil Refiners ETF Price Performance

The firm has a market cap of $536.27 million, a PE ratio of 13.16 and a beta of 0.54. The stock has a 50-day moving average price of $58.14 and a 200 day moving average price of $51.54.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Community Financial Services Group LLC purchased a new stake in VanEck Oil Refiners ETF in the second quarter valued at approximately $29,000. Western Wealth Management LLC boosted its holdings in shares of VanEck Oil Refiners ETF by 42.2% in the 1st quarter. Western Wealth Management LLC now owns 19,078 shares of the company’s stock valued at $942,000 after purchasing an additional 5,660 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of VanEck Oil Refiners ETF during the 1st quarter valued at $1,792,000. Journey Advisory Group LLC increased its holdings in shares of 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 buying an additional 134,273 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of VanEck Oil Refiners ETF during the 1st quarter worth $328,000.

VanEck Oil Refiners ETF Company 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.