Capital Investment Advisors LLC Cuts Stock Position in VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Capital Investment Advisors LLC lessened its holdings in VanEck Inflation Allocation ETF (NYSEARCA:RAAX) by 2.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 22,829 shares of the company’s stock after selling 500 shares during the quarter. Capital Investment Advisors LLC’s holdings in VanEck Inflation Allocation ETF were worth $695,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. purchased a new stake in VanEck Inflation Allocation ETF in the 4th quarter worth $26,000. Entrewealth LLC purchased a new position in shares of VanEck Inflation Allocation ETF during the fourth quarter valued at about $266,000. Raymond James Financial Inc. purchased a new position in shares of VanEck Inflation Allocation ETF during the fourth quarter valued at about $313,000. Jane Street Group LLC purchased a new position in shares of VanEck Inflation Allocation ETF during the fourth quarter valued at about $772,000. Finally, Magnus Financial Group LLC grew its position in shares of VanEck Inflation Allocation ETF by 8.0% during the first quarter. Magnus Financial Group LLC now owns 39,578 shares of the company’s stock valued at $1,204,000 after purchasing an additional 2,915 shares in the last quarter.

VanEck Inflation Allocation ETF Stock Up 0.1%

Shares of VanEck Inflation Allocation ETF stock opened at $31.11 on Wednesday. The firm has a market cap of $126.93 million, a price-to-earnings ratio of 20.71 and a beta of 0.63. The business has a 50-day moving average price of $29.92 and a 200-day moving average price of $29.61. VanEck Inflation Allocation ETF has a twelve month low of $26.70 and a twelve month high of $31.41.

VanEck Inflation Allocation ETF Profile

The VanEck Inflation Allocation ETF (RAAX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund of funds that seeks to maximize long-term real returns. It invests in ETPs with exposure to real assets, such as real estate, commodities, natural resources, or infrastructure, and may hold up to 100% cash or equivalents.