Sowell Financial Services LLC acquired a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,670 shares of the company’s stock, valued at approximately $624,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Analysts LLC lifted its stake in VanEck Real Assets ETF by 64.7% in the second quarter. Capital Analysts LLC now owns 4,624 shares of the company’s stock valued at $184,000 after acquiring an additional 1,816 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in VanEck Real Assets ETF by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,983 shares of the company’s stock worth $198,000 after buying an additional 492 shares during the period. First Growth Capital LLC bought a new stake in VanEck Real Assets ETF during the first quarter valued at $216,000. Legacy Wealth Managment LLC ID bought a new stake in VanEck Real Assets ETF in the 2nd quarter valued at about $210,000. Finally, SteelPeak Wealth LLC bought a new stake in VanEck Real Assets ETF in the 1st quarter worth $220,000.
VanEck Real Assets ETF Trading Down 0.9%
RAAX stock opened at $39.29 on Tuesday. VanEck Real Assets ETF has a 12 month low of $33.96 and a 12 month high of $42.75. The stock has a market cap of $1.40 billion, a PE ratio of 22.21 and a beta of 0.57. The company has a 50-day moving average price of $40.73 and a 200 day moving average price of $40.54.
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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