Belpointe Asset Management LLC Makes New Investment in VanEck Oil Refiners ETF (NYSEARCA:CRAK)

Belpointe Asset Management LLC purchased a new position in VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,616 shares of the company’s stock, valued at approximately $50,000. Belpointe Asset Management LLC owned approximately 0.13% of VanEck Oil Refiners ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC lifted its position in VanEck Oil Refiners ETF by 648.1% in the second quarter. LPL Financial LLC now owns 109,001 shares of the company’s stock worth $3,233,000 after purchasing an additional 94,431 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of VanEck Oil Refiners ETF in the third quarter valued at $746,000. Jane Street Group LLC grew its holdings in VanEck Oil Refiners ETF by 97.1% during the third quarter. Jane Street Group LLC now owns 34,661 shares of the company’s stock worth $938,000 after acquiring an additional 17,078 shares during the period. Oppenheimer & Co. Inc. bought a new stake in VanEck Oil Refiners ETF in the fourth quarter worth about $502,000. Finally, Citadel Advisors LLC acquired a new stake in VanEck Oil Refiners ETF in the 2nd quarter valued at about $323,000.

VanEck Oil Refiners ETF Price Performance

Shares of CRAK opened at $29.90 on Wednesday. The firm’s 50 day moving average is $30.79 and its 200-day moving average is $31.56. The stock has a market capitalization of $34.39 million, a P/E ratio of 5.08 and a beta of 1.10. VanEck Oil Refiners ETF has a 12-month low of $26.00 and a 12-month high of $36.01.

About VanEck Oil Refiners ETF

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The VanEck Oil Refiners ETF (CRAK) is an exchange-traded fund that is based on the MVIS Global Oil Refiners index. The fund tracks a market-cap index of global stocks issued by firms that earn at least 50% of their revenue from oil refining. CRAK was launched on Aug 18, 2015 and is managed by VanEck.