Cetera Investment Advisers Boosts Position in VanEck Oil Refiners ETF (NYSEARCA:CRAK)

Cetera Investment Advisers raised its stake in shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK) by 437.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,438 shares of the company’s stock after buying an additional 71,990 shares during the quarter. Cetera Investment Advisers owned about 6.55% of VanEck Oil Refiners ETF worth $2,432,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in VanEck Oil Refiners ETF during the 4th quarter valued at about $607,000. Fusion Capital LLC purchased a new position in VanEck Oil Refiners ETF during the 4th quarter valued at about $842,000. Finally, Jane Street Group LLC grew its holdings in VanEck Oil Refiners ETF by 124.0% during the 4th quarter. Jane Street Group LLC now owns 31,520 shares of the company’s stock valued at $867,000 after buying an additional 17,446 shares in the last quarter.

VanEck Oil Refiners ETF Stock Up 0.2%

CRAK stock opened at $29.96 on Monday. VanEck Oil Refiners ETF has a twelve month low of $24.17 and a twelve month high of $37.34. The firm has a market capitalization of $25.47 million, a PE ratio of 13.61 and a beta of 0.78. The stock has a 50-day simple moving average of $27.92 and a two-hundred day simple moving average of $28.90.

VanEck Oil Refiners ETF Profile

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.