VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Large Volume Increase – What’s Next?

Shares of VanEck Real Assets ETF (NYSEARCA:RAAX) saw strong trading volume on Friday. 1,154,903 shares were traded during trading, an increase of 317% from the average daily volume of 276,801 shares. The stock last traded at $38.2360 and had previously closed at $38.21.

VanEck Real Assets ETF Stock Performance

The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55. The company has a fifty day simple moving average of $40.55 and a 200 day simple moving average of $40.56.

Hedge Funds Weigh In On VanEck Real Assets ETF

A number of hedge funds have recently made changes to their positions in RAAX. Jacobi Capital Management LLC acquired a new position in shares of VanEck Real Assets ETF in the third quarter worth approximately $98,000. Provenance Wealth Advisors LLC bought a new stake in VanEck Real Assets ETF in the third quarter valued at approximately $177,000. Capital Analysts LLC increased its position in VanEck Real Assets ETF by 64.7% during the 2nd quarter. Capital Analysts LLC now owns 4,624 shares of the company’s stock valued at $184,000 after purchasing an additional 1,816 shares during the period. Farther Finance Advisors LLC increased its position 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 valued at $198,000 after purchasing an additional 492 shares during the period. Finally, Legacy Wealth Managment LLC ID bought a new position in VanEck Real Assets ETF during the 2nd quarter worth approximately $210,000.

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.