VanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $42.16 and last traded at $42.16, with a volume of 17165 shares traded. The stock had previously closed at $41.56.
VanEck Real Assets ETF Trading Down 0.6%
The business has a 50 day moving average price of $41.03 and a 200-day moving average price of $37.96. The firm has a market capitalization of $897.37 million, a PE ratio of 22.21 and a beta of 0.56.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. LPL Financial LLC boosted its position in shares of VanEck Real Assets ETF by 51.7% during the 4th 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. Berger Financial Group Inc acquired a new position in shares of VanEck Real Assets ETF during the 1st quarter worth $32,973,000. Beam Wealth Advisors Inc. increased its holdings in shares of VanEck Real Assets ETF by 4.5% in the 4th quarter. Beam Wealth Advisors Inc. now owns 733,148 shares of the company’s stock valued at $25,609,000 after purchasing an additional 31,359 shares in the last quarter. Assetmark Inc. increased its holdings in shares of VanEck Real Assets ETF by 35,257.5% in the 4th quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock valued at $12,597,000 after purchasing an additional 359,627 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in shares of VanEck Real Assets ETF in the first quarter valued at about $10,703,000.
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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