VanEck Real Assets ETF (NYSEARCA:RAAX) Hits New 12-Month High – Time to Buy?

VanEck Real Assets ETF (NYSEARCA:RAAX) reached a new 52-week high on Wednesday . The company traded as high as $42.39 and last traded at $42.27, with a volume of 6631 shares. The stock had previously closed at $42.37.

VanEck Real Assets ETF Stock Performance

The stock has a market capitalization of $895.67 million, a PE ratio of 22.21 and a beta of 0.56. The firm’s fifty day moving average is $41.11 and its 200-day moving average is $38.15.

Institutional Investors Weigh In On VanEck Real Assets ETF

A number of institutional investors and hedge funds have recently made changes to their positions in RAAX. Berger Financial Group Inc acquired a new position in shares of VanEck Real Assets ETF in the 1st quarter worth approximately $32,973,000. LPL Financial LLC lifted its stake in VanEck Real Assets ETF by 51.7% during the fourth 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. Assetmark Inc. boosted its position in shares of VanEck Real Assets ETF by 35,257.5% during the fourth quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock worth $12,597,000 after buying an additional 359,627 shares during the period. MinichMacGregor Wealth Management LLC purchased a new position in shares of VanEck Real Assets ETF during the first quarter worth $10,703,000. Finally, CWM LLC acquired a new stake in shares of VanEck Real Assets ETF in the fourth quarter valued at $7,542,000.

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.