The Manufacturers Life Insurance Company Buys Shares of 36,280 VanEck Oil Refiners ETF $CRAK

The Manufacturers Life Insurance Company bought a new position in VanEck Oil Refiners ETF (NYSEARCA:CRAK) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,280 shares of the company’s stock, valued at approximately $1,792,000.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of VanEck Oil Refiners ETF in the 1st quarter valued at about $40,000. Farther Finance Advisors LLC bought a new position in shares of VanEck Oil Refiners ETF during the 4th quarter worth approximately $77,000. Sunbelt Securities Inc. raised its stake in shares of VanEck Oil Refiners ETF by 25.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,500 shares of the company’s stock worth $92,000 after acquiring an additional 500 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in VanEck Oil Refiners ETF during the second quarter valued at approximately $121,000. Finally, Ferguson Shapiro LLC purchased a new stake in VanEck Oil Refiners ETF during the first quarter valued at approximately $207,000.

VanEck Oil Refiners ETF Price Performance

Shares of CRAK opened at $54.78 on Monday. The company has a market cap of $241.03 million, a price-to-earnings ratio of 13.16 and a beta of 0.52. VanEck Oil Refiners ETF has a twelve month low of $33.21 and a twelve month high of $56.85. The company has a 50 day moving average of $50.26 and a two-hundred day moving average of $47.93.

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.