VanEck Inflation Allocation ETF (NYSEARCA:RAAX) Stock Price Down 1.1% – What’s Next?

VanEck Inflation Allocation ETF (NYSEARCA:RAAX)’s share price dropped 1.1% during trading on Monday . The stock traded as low as $29.79 and last traded at $29.87. Approximately 7,680 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 21,467 shares. The stock had previously closed at $30.21.

VanEck Inflation Allocation ETF Price Performance

The firm has a fifty day simple moving average of $29.56 and a two-hundred day simple moving average of $28.29. The firm has a market capitalization of $88.13 million, a P/E ratio of 12.92 and a beta of 0.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RAAX. Austin Wealth Management LLC raised its stake in VanEck Inflation Allocation ETF by 4.4% in the 3rd quarter. Austin Wealth Management LLC now owns 40,064 shares of the company’s stock valued at $1,175,000 after acquiring an additional 1,692 shares during the period. FAS Wealth Partners Inc. raised its position in shares of VanEck Inflation Allocation ETF by 48.6% in the second quarter. FAS Wealth Partners Inc. now owns 6,249 shares of the company’s stock valued at $170,000 after purchasing an additional 2,045 shares during the period. Magnus Financial Group LLC lifted its stake in shares of VanEck Inflation Allocation ETF by 6.5% during the 3rd quarter. Magnus Financial Group LLC now owns 36,124 shares of the company’s stock valued at $1,045,000 after buying an additional 2,196 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in VanEck Inflation Allocation ETF by 8.3% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 38,041 shares of the company’s stock worth $1,036,000 after buying an additional 2,919 shares during the period. Finally, Essex Financial Services Inc. grew its stake in VanEck Inflation Allocation ETF by 13.4% in the 2nd quarter. Essex Financial Services Inc. now owns 64,656 shares of the company’s stock valued at $1,762,000 after buying an additional 7,615 shares in the last quarter.

About VanEck Inflation Allocation 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.