RPAR Risk Parity ETF (NYSEARCA:RPAR) Sees Strong Trading Volume – Should You Buy?

Shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) saw an uptick in trading volume on Wednesday . 250,942 shares changed hands during trading, an increase of 330% from the previous session’s volume of 58,325 shares.The stock last traded at $19.44 and had previously closed at $19.87.

RPAR Risk Parity ETF Trading Down 1.5 %

The stock’s 50-day moving average price is $20.14 and its 200-day moving average price is $19.65. The stock has a market cap of $641.50 million, a price-to-earnings ratio of 10.60 and a beta of 0.54.

Institutional Trading of RPAR Risk Parity ETF

An institutional investor recently raised its position in RPAR Risk Parity ETF stock. Lindbrook Capital LLC lifted its holdings in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100,348 shares of the company’s stock after acquiring an additional 71,023 shares during the period. RPAR Risk Parity ETF makes up 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 as of its most recent SEC filing.

About RPAR Risk Parity ETF

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.