RPAR Risk Parity ETF (NYSEARCA:RPAR) Stock Price Down 0.9% – Here’s Why

Shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) dropped 0.9% during mid-day trading on Thursday. The company traded as low as $21.61 and last traded at $21.61. 4,131 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 27,200 shares. The stock had previously closed at $21.81.

RPAR Risk Parity ETF Stock Performance

The company’s 50-day simple moving average is $22.17 and its 200 day simple moving average is $22.42. The stock has a market cap of $559.27 million, a P/E ratio of 16.43 and a beta of 0.69.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in RPAR Risk Parity ETF stock. Main Street Group LTD bought a new stake in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,422 shares of the company’s stock, valued at approximately $165,000.

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.