WESPAC Advisors LLC bought a new stake in VanEck Real Assets ETF (NYSEARCA:RAAX – Free Report) during the 3rd quarter, Holdings Channel reports. The fund bought 19,164 shares of the company’s stock, valued at approximately $763,000.
Several other institutional investors also recently modified their holdings of RAAX. Citizens Financial Group Inc. RI acquired a new stake in shares of VanEck Real Assets ETF during the 3rd quarter worth approximately $488,000. Sowell Financial Services LLC acquired a new position in VanEck Real Assets ETF in the third quarter valued at approximately $624,000. Capital Investment Advisors LLC acquired a new position in VanEck Real Assets ETF in the third quarter valued at approximately $1,079,000. Rede Wealth LLC boosted its stake in VanEck Real Assets ETF by 18.3% in the third quarter. Rede Wealth LLC now owns 28,420 shares of the company’s stock valued at $1,132,000 after acquiring an additional 4,391 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in VanEck Real Assets ETF in the third quarter valued at approximately $726,000.
VanEck Real Assets ETF Stock Performance
RAAX opened at $39.75 on Tuesday. The company has a fifty day moving average price of $40.91 and a two-hundred day moving average price of $40.45. VanEck Real Assets ETF has a 52 week low of $33.96 and a 52 week high of $42.75. The firm has a market capitalization of $1.40 billion, a PE ratio of 22.21 and a beta of 0.57.
VanEck Real Assets 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. RAAX was launched on Apr 9, 2018 and is managed by VanEck.
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