Shares of VanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 747,457 shares were traded during trading, an increase of 173% from the previous session’s volume of 273,980 shares.The stock last traded at $39.24 and had previously closed at $39.76.
VanEck Real Assets ETF Stock Down 1.3%
The firm has a market cap of $1.08 billion, a PE ratio of 22.21 and a beta of 0.55. The stock has a 50-day simple moving average of $40.66 and a two-hundred day simple moving average of $40.05.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in VanEck Real Assets ETF by 0.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 118,067 shares of the company’s stock valued at $4,684,000 after buying an additional 412 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of VanEck Real Assets ETF by 1.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 47,537 shares of the company’s stock worth $1,886,000 after purchasing an additional 771 shares in the last quarter. Ferguson Shapiro LLC purchased a new stake in shares of VanEck Real Assets ETF in the second quarter worth $8,154,000. Western Wealth Management LLC bought a new stake in VanEck Real Assets ETF during the 1st quarter valued at about $411,000. Finally, FAS Wealth Partners Inc. lifted its position in VanEck Real Assets ETF by 83.3% in the 1st quarter. FAS Wealth Partners Inc. now owns 40,155 shares of the company’s stock valued at $1,635,000 after acquiring an additional 18,246 shares in the last quarter.
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.
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