Magnus Financial Group LLC Buys 21,470 Shares of VanEck Real Assets ETF $RAAX

Magnus Financial Group LLC increased its stake in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) by 21.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,825 shares of the company’s stock after purchasing an additional 21,470 shares during the period. Magnus Financial Group LLC’s holdings in VanEck Real Assets ETF were worth $4,773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. 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 buying an additional 1,816 shares during the period. Farther Finance Advisors LLC grew its position in shares of 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 acquired a new position in shares of VanEck Real Assets ETF during the 1st quarter worth about $216,000. Legacy Wealth Managment LLC ID bought a new stake in shares of VanEck Real Assets ETF in the 2nd quarter valued at about $210,000. Finally, SteelPeak Wealth LLC bought a new stake in shares of VanEck Real Assets ETF in the 1st quarter valued at about $220,000.

VanEck Real Assets ETF Price Performance

Shares of NYSEARCA:RAAX opened at $40.38 on Thursday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.21 and a beta of 0.57. The firm’s 50 day simple moving average is $41.02 and its 200 day simple moving average is $40.82. VanEck Real Assets ETF has a fifty-two week low of $33.96 and a fifty-two week high of $42.75.

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.