Sheets Smith Wealth Management Has $408,000 Holdings in VanEck Commodity Strategy ETF (BATS:PIT)

Sheets Smith Wealth Management raised its holdings in shares of VanEck Commodity Strategy ETF (BATS:PIT) by 8,774.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,874 shares of the company’s stock after acquiring an additional 8,774 shares during the quarter. Sheets Smith Wealth Management’s holdings in VanEck Commodity Strategy ETF were worth $408,000 at the end of the most recent quarter.

Separately, ORG Partners LLC bought a new position in shares of VanEck Commodity Strategy ETF in the 4th quarter valued at approximately $1,087,000.

VanEck Commodity Strategy ETF Price Performance

Shares of VanEck Commodity Strategy ETF stock opened at $49.00 on Tuesday. The stock’s 50-day moving average is $49.07 and its 200 day moving average is $48.81.

VanEck Commodity Strategy ETF Company Profile

The VanEck Commodity Strategy ETF (PIT) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed fund that invests in commodity securities from the energy, precious metals, industrial metals, agriculture and livestock sectors. The fund uses an optimized process to maximize risk-adjusted returns.