VanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.71 and last traded at $42.70, with a volume of 476301 shares. The stock had previously closed at $42.05.
VanEck Real Assets ETF Stock Performance
The firm has a market capitalization of $909.51 million, a P/E ratio of 22.21 and a beta of 0.56. The company has a 50-day moving average price of $41.17 and a 200-day moving average price of $38.26.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prevail Innovative Wealth Advisors LLC lifted its holdings in VanEck Real Assets ETF by 1.4% during the third quarter. Prevail Innovative Wealth Advisors LLC now owns 26,169 shares of the company’s stock worth $902,000 after acquiring an additional 373 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in VanEck Real Assets ETF by 3.9% during the third quarter. Stratos Wealth Partners LTD. now owns 12,052 shares of the company’s stock worth $415,000 after acquiring an additional 450 shares in the last quarter. Etesian Wealth Advisors Inc. lifted its holdings in VanEck Real Assets ETF by 10.4% during the first quarter. Etesian Wealth Advisors Inc. now owns 7,135 shares of the company’s stock worth $290,000 after acquiring an additional 671 shares in the last quarter. Equitable Holdings Inc. lifted its holdings in VanEck Real Assets ETF by 4.6% during the fourth quarter. Equitable Holdings Inc. now owns 15,776 shares of the company’s stock worth $551,000 after acquiring an additional 693 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in VanEck Real Assets ETF by 12.9% during the fourth quarter. Kestra Advisory Services LLC now owns 8,983 shares of the company’s stock worth $314,000 after acquiring an additional 1,025 shares in the last quarter.
VanEck Real Assets ETF Company 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. RAAX was launched on Apr 9, 2018 and is managed by VanEck.
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