RPAR Risk Parity ETF (NYSEARCA:RPAR) Sets New 52-Week Low – Here’s Why

Shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) hit a new 52-week low during trading on Monday . The company traded as low as $17.92 and last traded at $17.92, with a volume of 2015 shares. The stock had previously closed at $18.44.

RPAR Risk Parity ETF Stock Performance

The business’s fifty day simple moving average is $19.27 and its 200 day simple moving average is $19.67. The stock has a market cap of $605.77 million, a price-to-earnings ratio of 10.60 and a beta of 0.54.

Institutional Investors Weigh In On RPAR Risk Parity ETF

An institutional investor recently raised its position in RPAR Risk Parity ETF stock. Lindbrook Capital LLC raised its stake in RPAR Risk Parity ETF (NYSEARCA:RPAR) by 6.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,100,348 shares of the company’s stock after purchasing an additional 71,023 shares during the period. RPAR Risk Parity ETF accounts for approximately 2.0% of Lindbrook Capital LLC’s holdings, making the stock its 9th biggest holding. Lindbrook Capital LLC owned 3.36% of RPAR Risk Parity ETF worth $22,678,000 at the end of the most recent reporting period.

RPAR Risk Parity ETF Company Profile

The RPAR Risk Parity ETF (RPAR) is an exchange-traded fund that is based on the Advanced Research Risk Parity index. The fund is an actively managed fund-of-funds allocating to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. RPAR was launched on Dec 13, 2019 and is managed by RPAR.