Van ECK Associates Corp Raises Holdings in VanEck Commodity Strategy ETF (BATS:PIT)

Van ECK Associates Corp lifted its holdings in shares of VanEck Commodity Strategy ETF (BATS:PIT) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,640 shares of the company’s stock after purchasing an additional 25,867 shares during the period. Van ECK Associates Corp owned about 72.33% of VanEck Commodity Strategy ETF worth $17,670,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PIT. Flow Traders U.S. LLC acquired a new stake in VanEck Commodity Strategy ETF during the first quarter worth approximately $3,254,000. ORG Partners LLC boosted its position in VanEck Commodity Strategy ETF by 8.4% during the third quarter. ORG Partners LLC now owns 29,127 shares of the company’s stock worth $1,399,000 after acquiring an additional 2,254 shares during the last quarter. Finally, Sheets Smith Wealth Management boosted its position in VanEck Commodity Strategy ETF by 40.5% during the first quarter. Sheets Smith Wealth Management now owns 12,471 shares of the company’s stock worth $614,000 after acquiring an additional 3,597 shares during the last quarter.

VanEck Commodity Strategy ETF Trading Up 0.6 %

Shares of BATS PIT opened at $49.42 on Wednesday. The stock’s 50-day moving average price is $48.01 and its 200 day moving average price is $48.59.

About VanEck Commodity Strategy ETF

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.