Modern Wealth Management LLC acquired a new stake in shares of VanEck Retail ETF (NASDAQ:RTH – Free Report) during the 4th quarter, Holdings Channel reports. The firm acquired 7,552 shares of the company’s stock, valued at approximately $1,816,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC increased its holdings in shares of VanEck Retail ETF by 19.9% during the third quarter. FMR LLC now owns 1,128 shares of the company’s stock valued at $246,000 after acquiring an additional 187 shares in the last quarter. MML Investors Services LLC grew its position in VanEck Retail ETF by 18.8% in the 3rd quarter. MML Investors Services LLC now owns 1,557 shares of the company’s stock valued at $340,000 after purchasing an additional 246 shares during the period. Park Avenue Securities LLC bought a new stake in VanEck Retail ETF during the 4th quarter valued at $1,503,000. Great Diamond Partners LLC raised its holdings in VanEck Retail ETF by 0.6% during the fourth quarter. Great Diamond Partners LLC now owns 8,831 shares of the company’s stock worth $1,980,000 after buying an additional 53 shares during the last quarter. Finally, Q3 Asset Management bought a new position in shares of VanEck Retail ETF in the fourth quarter valued at $371,000. Institutional investors own 25.85% of the company’s stock.
VanEck Retail ETF Price Performance
Shares of NASDAQ RTH opened at $226.00 on Wednesday. The company has a 50-day moving average price of $232.91 and a 200-day moving average price of $226.56. The stock has a market capitalization of $223.74 million, a P/E ratio of 24.22 and a beta of 0.88. VanEck Retail ETF has a 1 year low of $195.37 and a 1 year high of $242.93.
About VanEck Retail ETF
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.
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