15,670 Shares in VanEck Real Assets ETF $RAAX Bought by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in VanEck Real Assets ETF (NYSEARCA:RAAX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,670 shares of the company’s stock, valued at approximately $624,000.

A number of other hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers raised its holdings in VanEck Real Assets ETF by 2,052.3% during the first quarter. Cetera Investment Advisers now owns 1,063,396 shares of the company’s stock worth $43,291,000 after purchasing an additional 1,013,989 shares in the last quarter. Berger Financial Group Inc bought a new position in VanEck Real Assets ETF during the 1st quarter valued at $32,973,000. Ferguson Shapiro LLC bought a new position in VanEck Real Assets ETF during the 2nd quarter valued at $8,154,000. Encompass More Asset Management acquired a new position in shares of VanEck Real Assets ETF during the 3rd quarter valued at $7,796,000. Finally, Beaumont Financial Advisors LLC increased its position in shares of VanEck Real Assets ETF by 87.8% during the 1st quarter. Beaumont Financial Advisors LLC now owns 363,123 shares of the company’s stock valued at $14,783,000 after purchasing an additional 169,716 shares during the period.

VanEck Real Assets ETF Stock Performance

RAAX opened at $39.73 on Friday. VanEck Real Assets ETF has a one year low of $33.96 and a one year high of $42.75. The stock’s fifty day moving average is $40.95 and its 200-day moving average is $40.80. The company has a market capitalization of $1.39 billion, a PE ratio of 22.21 and a beta of 0.57.

VanEck Real Assets ETF 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.