VanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) shares saw unusually-high trading volume on Thursday . 321,877 shares changed hands during trading, an increase of 17% from the previous session’s volume of 276,236 shares.The stock last traded at $40.50 and had previously closed at $40.40.
VanEck Real Assets ETF Stock Down 0.8%
The stock’s fifty day simple moving average is $40.31 and its 200-day simple moving average is $40.24. The company has a market capitalization of $1.14 billion, a PE ratio of 22.21 and a beta of 0.55.
Hedge Funds Weigh In On VanEck Real Assets ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC boosted its position in VanEck Real Assets ETF by 51.7% during the fourth quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock worth $63,077,000 after purchasing an additional 615,623 shares in the last quarter. Cetera Investment Advisers increased its position in shares of VanEck Real Assets ETF by 2,052.3% in the first quarter. Cetera Investment Advisers now owns 1,063,396 shares of the company’s stock valued at $43,291,000 after buying an additional 1,013,989 shares in the last quarter. Berger Financial Group Inc purchased a new position in shares of VanEck Real Assets ETF in the first quarter valued at $32,973,000. Beam Wealth Advisors Inc. increased its position in shares of VanEck Real Assets ETF by 4.5% in the fourth quarter. Beam Wealth Advisors Inc. now owns 733,148 shares of the company’s stock valued at $25,609,000 after buying an additional 31,359 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of VanEck Real Assets ETF by 12.8% during the 1st quarter. Assetmark Inc. now owns 406,755 shares of the company’s stock worth $16,559,000 after buying an additional 46,108 shares during 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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