VanEck Oil Refiners ETF (NYSEARCA:CRAK) Hits New 1-Year High – Should You Buy?

VanEck Oil Refiners ETF (NYSEARCA:CRAK) hit a new 52-week high during trading on Thursday. The stock traded as high as $66.99 and last traded at $66.9510, with a volume of 259444 shares. The stock had previously closed at $65.80.

VanEck Oil Refiners ETF Trading Up 2.0%

The firm has a market cap of $701.61 million, a P/E ratio of 13.16 and a beta of 0.56. The business’s fifty day simple moving average is $61.43 and its 200-day simple moving average is $53.41.

Institutional Trading of VanEck Oil Refiners ETF

Large investors have recently modified their holdings of the business. Ayalon Insurance Comp Ltd. purchased a new stake in VanEck Oil Refiners ETF in the 3rd quarter worth approximately $16,054,000. Journey Advisory Group LLC increased its stake in shares of VanEck Oil Refiners ETF by 135.5% during the first quarter. Journey Advisory Group LLC now owns 233,373 shares of the company’s stock valued at $11,529,000 after buying an additional 134,273 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of VanEck Oil Refiners ETF during the first quarter valued at approximately $1,792,000. J. Safra Sarasin Holding AG bought a new position in shares of VanEck Oil Refiners ETF during the first quarter valued at approximately $1,077,000. Finally, Western Wealth Management LLC lifted its stake in VanEck Oil Refiners ETF by 42.2% in the first quarter. Western Wealth Management LLC now owns 19,078 shares of the company’s stock worth $942,000 after acquiring an additional 5,660 shares during the period.

About VanEck Oil Refiners ETF

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.