Boyce & Associates Wealth Consulting Inc. bought a new stake in shares of VanEck Real Assets ETF (NYSEARCA:RAAX – Free Report) during the third quarter, Holdings Channel.com reports. The fund bought 40,254 shares of the company’s stock, valued at approximately $1,603,000. VanEck Real Assets ETF accounts for approximately 1.0% of Boyce & Associates Wealth Consulting Inc.’s investment portfolio, making the stock its 26th biggest holding.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cetera Investment Advisers raised its stake in 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 worth $43,291,000 after buying an additional 1,013,989 shares in the last quarter. Berger Financial Group Inc purchased a new stake in VanEck Real Assets ETF in the first quarter worth about $32,973,000. MinichMacGregor Wealth Management LLC bought a new stake in VanEck Real Assets ETF during the 1st quarter valued at approximately $10,703,000. Ferguson Shapiro LLC bought a new stake in VanEck Real Assets ETF during the 2nd quarter valued at approximately $8,154,000. Finally, Beaumont Financial Advisors LLC boosted its position in VanEck Real Assets ETF by 87.8% during the 1st quarter. Beaumont Financial Advisors LLC now owns 363,123 shares of the company’s stock valued at $14,783,000 after acquiring an additional 169,716 shares in the last quarter.
VanEck Real Assets ETF Stock Performance
RAAX stock opened at $40.85 on Wednesday. VanEck Real Assets ETF has a fifty-two week low of $33.96 and a fifty-two week high of $42.75. The business’s 50 day moving average price is $41.05 and its two-hundred day moving average price is $40.82. The company has a market capitalization of $1.40 billion, a price-to-earnings 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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