Financial & Tax Architects LLC Makes New $710,000 Investment in VanEck Oil Refiners ETF $CRAK

Financial & Tax Architects LLC purchased a new position in shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,202 shares of the company’s stock, valued at approximately $710,000. Financial & Tax Architects LLC owned 0.11% of VanEck Oil Refiners ETF as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Community Financial Services Group LLC purchased a new stake in VanEck Oil Refiners ETF during the 2nd quarter worth about $29,000. Fifth Third Bancorp bought a new position in VanEck Oil Refiners ETF in the 1st quarter worth about $40,000. Farther Finance Advisors LLC purchased a new position in VanEck Oil Refiners ETF during the 3rd quarter valued at about $128,000. Ferguson Shapiro LLC purchased a new position in VanEck Oil Refiners ETF during the 1st quarter valued at about $207,000. Finally, 4WEALTH Advisors Inc. purchased a new position in VanEck Oil Refiners ETF during the 3rd quarter valued at about $284,000.

VanEck Oil Refiners ETF Trading Down 1.3%

Shares of NYSEARCA:CRAK opened at $67.27 on Friday. The company has a 50 day moving average of $62.94 and a 200 day moving average of $54.20. The stock has a market cap of $702.97 million, a P/E ratio of 13.16 and a beta of 0.56. VanEck Oil Refiners ETF has a 12 month low of $36.13 and a 12 month high of $68.37.

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.