Modern Wealth Management LLC Sells 5,332 Shares of VanEck Retail ETF $RTH

Modern Wealth Management LLC reduced its holdings in VanEck Retail ETF (NASDAQ:RTH) by 69.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,385 shares of the company’s stock after selling 5,332 shares during the quarter. Modern Wealth Management LLC’s holdings in VanEck Retail ETF were worth $598,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of VanEck Retail ETF by 24.4% during the 1st quarter. Royal Bank of Canada now owns 1,694 shares of the company’s stock valued at $382,000 after purchasing an additional 332 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in VanEck Retail ETF by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,701 shares of the company’s stock worth $1,122,000 after purchasing an additional 252 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in VanEck Retail ETF during the 2nd quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. raised its holdings in VanEck Retail ETF by 4.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,670 shares of the company’s stock worth $876,000 after buying an additional 157 shares during the period. Finally, JBR Co Financial Management Inc lifted its stake in VanEck Retail ETF by 6.8% in the second quarter. JBR Co Financial Management Inc now owns 8,141 shares of the company’s stock valued at $1,943,000 after buying an additional 519 shares in the last quarter. Institutional investors and hedge funds own 25.85% of the company’s stock.

VanEck Retail ETF Stock Down 0.8%

VanEck Retail ETF stock opened at $257.83 on Tuesday. The stock has a market capitalization of $260.41 million, a PE ratio of 23.92 and a beta of 0.89. VanEck Retail ETF has a twelve month low of $206.24 and a twelve month high of $267.00. The company has a 50 day moving average of $261.14 and a 200-day moving average of $254.38.

VanEck Retail ETF Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a $2.4205 dividend. This represents a yield of 97.0%. The ex-dividend date of this dividend was Monday, December 22nd.

VanEck Retail ETF Profile

The VanEck Retail ETF (RTH) is an exchange-traded fund that is based on the MVIS US Listed Retail 25 index, a market-cap-weighted index of the 25 largest US-listed companies that derive most of their revenue from retail. RTH was launched on May 2, 2001 and is managed by VanEck.