Envestnet Asset Management Inc. Raises Stock Position in VanEck Retail ETF (NASDAQ:RTH)

Envestnet Asset Management Inc. boosted its holdings in VanEck Retail ETF (NASDAQ:RTH) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,816 shares of the company’s stock after buying an additional 141 shares during the period. Envestnet Asset Management Inc.’s holdings in VanEck Retail ETF were worth $1,080,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Park Avenue Securities LLC purchased a new position in shares of VanEck Retail ETF during the fourth quarter valued at about $1,503,000. Truist Financial Corp purchased a new position in shares of VanEck Retail ETF during the fourth quarter valued at about $209,000. Raymond James Financial Inc. purchased a new position in shares of VanEck Retail ETF during the fourth quarter valued at about $318,000. Kestra Private Wealth Services LLC grew its position in shares of VanEck Retail ETF by 21.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,729 shares of the company’s stock valued at $612,000 after purchasing an additional 485 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of VanEck Retail ETF by 11.8% during the fourth quarter. LPL Financial LLC now owns 48,590 shares of the company’s stock valued at $10,894,000 after purchasing an additional 5,121 shares in the last quarter. Hedge funds and other institutional investors own 25.85% of the company’s stock.

VanEck Retail ETF Stock Up 0.3 %

Shares of VanEck Retail ETF stock opened at $226.84 on Thursday. The firm has a market cap of $235.91 million, a price-to-earnings ratio of 26.66 and a beta of 0.88. The business has a 50-day moving average price of $224.08 and a 200-day moving average price of $227.63. VanEck Retail ETF has a twelve month low of $195.37 and a twelve month high of $242.93.

VanEck Retail ETF Company Profile

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.