RPAR Risk Parity ETF (NYSEARCA:RPAR) Stock Price Up 0.3% – Time to Buy?

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares were up 0.3% during trading on Thursday. The company traded as high as $21.67 and last traded at $21.66. Approximately 1,388 shares changed hands during trading, a decline of 95% from the average daily volume of 26,713 shares. The stock had previously closed at $21.59.

RPAR Risk Parity ETF Price Performance

The firm has a market cap of $553.78 million, a P/E ratio of 16.43 and a beta of 0.70. The company’s 50 day moving average is $21.92 and its two-hundred day moving average is $22.29.

RPAR Risk Parity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were paid a dividend of $0.1071 per share. This is a negative change from RPAR Risk Parity ETF’s previous quarterly dividend of $0.2922. This represents a $0.43 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, September 28th.

Hedge Funds Weigh In On RPAR Risk Parity ETF

An institutional investor recently bought a new stake in RPAR Risk Parity ETF stock. Main Street Group LTD purchased a new stake in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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.