Encompass More Asset Management acquired a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 195,737 shares of the company’s stock, valued at approximately $7,796,000. VanEck Real Assets ETF makes up 1.2% of Encompass More Asset Management’s investment portfolio, making the stock its 23rd largest holding.
Other large investors also recently made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in shares of VanEck Real Assets ETF by 2,052.3% in the 1st 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 during the last quarter. Berger Financial Group Inc bought a new position in shares of VanEck Real Assets ETF in the first quarter valued at $32,973,000. Assetmark Inc. grew its stake in shares of VanEck Real Assets ETF by 12.8% in the first quarter. Assetmark Inc. now owns 406,755 shares of the company’s stock valued at $16,559,000 after buying an additional 46,108 shares in the last quarter. Beaumont Financial Advisors LLC increased its holdings in VanEck Real Assets ETF by 87.8% during the first quarter. Beaumont Financial Advisors LLC now owns 363,123 shares of the company’s stock worth $14,783,000 after buying an additional 169,716 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC increased its holdings in VanEck Real Assets ETF by 1.5% during the third quarter. MinichMacGregor Wealth Management LLC now owns 269,560 shares of the company’s stock worth $10,737,000 after buying an additional 3,943 shares during the last quarter.
VanEck Real Assets ETF Trading Up 0.6%
NYSEARCA RAAX opened at $40.60 on Friday. The firm’s fifty day moving average price is $41.07 and its two-hundred day moving average price is $40.83. VanEck Real Assets ETF has a 1 year low of $33.96 and a 1 year high of $42.75. The firm has a market capitalization of $1.41 billion, a P/E ratio of 22.21 and a beta of 0.57.
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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