87,670 VanEck Real Assets ETF $RAAX Shares Bought by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC lifted its position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 692,344 shares of the company’s stock after purchasing an additional 87,670 shares during the period. VanEck Real Assets ETF accounts for 2.6% of New England Private Wealth Advisors LLC’s portfolio, making the stock its 10th largest holding. New England Private Wealth Advisors LLC’s holdings in VanEck Real Assets ETF were worth $27,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cetera Investment Advisers raised 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 purchasing an additional 1,013,989 shares during the period. Berger Financial Group Inc acquired a new stake in VanEck Real Assets ETF in the 1st quarter valued at about $32,973,000. MinichMacGregor Wealth Management LLC acquired a new stake in VanEck Real Assets ETF in the 1st quarter valued at about $10,703,000. Ferguson Shapiro LLC bought a new position in VanEck Real Assets ETF during the second quarter worth about $8,154,000. Finally, Encompass More Asset Management bought a new position in VanEck Real Assets ETF during the third quarter worth about $7,796,000.

VanEck Real Assets ETF Stock Performance

VanEck Real Assets ETF stock opened at $40.39 on Tuesday. The stock has a 50-day simple moving average of $41.05 and a 200 day simple moving average of $40.83. The stock 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 has a 52 week low of $33.96 and a 52 week high of $42.75.

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.