Modern Wealth Management LLC bought a new stake in shares of VanEck Retail ETF (NASDAQ:RTH – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,552 shares of the company’s stock, valued at approximately $1,816,000. Modern Wealth Management LLC owned 0.76% of VanEck Retail ETF as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in RTH. Valley Wealth Managers Inc. bought a new stake in shares of VanEck Retail ETF in the 4th quarter valued at $72,000. Princeton Global Asset Management LLC bought a new stake in VanEck Retail ETF during the fourth quarter valued at $79,000. Jones Financial Companies Lllp grew its holdings in VanEck Retail ETF by 18.9% during the 4th quarter. Jones Financial Companies Lllp now owns 416 shares of the company’s stock worth $93,000 after acquiring an additional 66 shares during the period. Truist Financial Corp acquired a new stake in VanEck Retail ETF during the 4th quarter worth about $209,000. Finally, FMR LLC raised its position in shares of VanEck Retail ETF by 19.9% in the 3rd quarter. FMR LLC now owns 1,128 shares of the company’s stock worth $246,000 after acquiring an additional 187 shares in the last quarter. 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 business’s 50-day moving average is $232.91 and its 200-day moving average is $226.56. VanEck Retail ETF has a 1 year low of $195.37 and a 1 year high of $242.93. The company has a market capitalization of $223.74 million, a price-to-earnings ratio of 24.22 and a beta of 0.88.
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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