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

Shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) saw strong trading volume on Thursday . 159,500 shares changed hands during trading, an increase of 197% from the previous session’s volume of 53,631 shares.The stock last traded at $19.52 and had previously closed at $19.62.

RPAR Risk Parity ETF Price Performance

The company has a market cap of $538.20 million, a P/E ratio of 17.19 and a beta of 0.66. The stock’s 50-day moving average is $19.17 and its two-hundred day moving average is $19.64.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in RPAR Risk Parity ETF stock. Magnolia Private Wealth LLC purchased a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,615 shares of the company’s stock, valued at approximately $441,000. Magnolia Private Wealth LLC owned about 0.07% of RPAR Risk Parity ETF as of its most recent filing with the Securities and Exchange Commission.

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.