MinichMacGregor Wealth Management LLC Purchases New Stake in VanEck Real Assets ETF $RAAX

MinichMacGregor Wealth Management LLC acquired a new position in VanEck Real Assets ETF (NYSEARCA:RAAX) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 262,900 shares of the company’s stock, valued at approximately $10,703,000. VanEck Real Assets ETF accounts for 1.9% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RAAX. LPL Financial LLC lifted its position in VanEck Real Assets ETF by 51.7% during the 4th quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock valued at $63,077,000 after purchasing an additional 615,623 shares during the period. Assetmark Inc. boosted its stake 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 valued at $12,597,000 after purchasing an additional 359,627 shares during the last quarter. CWM LLC acquired a new stake in shares of VanEck Real Assets ETF during the 4th quarter worth approximately $7,542,000. Beaumont Financial Advisors LLC acquired a new stake in shares of VanEck Real Assets ETF during the 4th quarter worth approximately $6,756,000. Finally, Osaic Holdings Inc. raised its stake in shares of VanEck Real Assets ETF by 4,935.9% during the fourth quarter. Osaic Holdings Inc. now owns 115,423 shares of the company’s stock worth $4,032,000 after buying an additional 113,131 shares during the last quarter.

VanEck Real Assets ETF Price Performance

Shares of NYSEARCA RAAX opened at $38.94 on Thursday. The company’s 50 day simple moving average is $41.30 and its 200 day simple moving average is $39.65. VanEck Real Assets ETF has a fifty-two week low of $31.05 and a fifty-two week high of $42.75. The firm has a market capitalization of $829.42 million, a P/E ratio of 22.21 and a beta of 0.54.

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.