VanEck Real Assets ETF (NYSEARCA:RAAX) Hits New 52-Week High – Here’s What Happened

VanEck Real Assets ETF (NYSEARCA:RAAX) reached a new 52-week high during trading on Tuesday . The stock traded as high as $42.71 and last traded at $42.70, with a volume of 476301 shares trading hands. The stock had previously closed at $42.05.

VanEck Real Assets ETF Trading Up 1.5%

The company has a 50 day moving average price of $41.17 and a 200 day moving average price of $38.26. The company has a market capitalization of $909.51 million, a price-to-earnings ratio of 22.21 and a beta of 0.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ERn Financial LLC bought a new position in shares of VanEck Real Assets ETF in the 4th quarter worth $3,435,000. Visionary Horizons LLC bought a new position in shares of VanEck Real Assets ETF in the 4th quarter worth $1,169,000. Assetmark Inc. boosted its position 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 worth $12,597,000 after purchasing an additional 359,627 shares during the last quarter. Beaumont Financial Advisors LLC bought a new position in shares of VanEck Real Assets ETF in the 4th quarter worth $6,756,000. Finally, ProCore Advisors LLC bought a new position in shares of VanEck Real Assets ETF in the 4th quarter worth $578,000.

About VanEck Real Assets ETF

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.