Magnus Financial Group LLC Grows Position in VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Magnus Financial Group LLC raised its stake in shares of VanEck Inflation Allocation ETF (NYSEARCA:RAAX) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,663 shares of the company’s stock after purchasing an additional 539 shares during the quarter. Magnus Financial Group LLC owned about 1.24% of VanEck Inflation Allocation ETF worth $1,034,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RAAX. Beam Wealth Advisors Inc. boosted its position in VanEck Inflation Allocation ETF by 2.9% in the third quarter. Beam Wealth Advisors Inc. now owns 379,796 shares of the company’s stock valued at $10,991,000 after buying an additional 10,734 shares during the last quarter. Copley Financial Group Inc. acquired a new stake in shares of VanEck Inflation Allocation ETF in the third quarter worth $3,471,000. Austin Wealth Management LLC increased its stake in shares of VanEck Inflation Allocation ETF by 4.4% in the third quarter. Austin Wealth Management LLC now owns 40,064 shares of the company’s stock worth $1,175,000 after acquiring an additional 1,692 shares during the period. Lionsbridge Wealth Management LLC raised its holdings in shares of VanEck Inflation Allocation ETF by 133.5% during the third quarter. Lionsbridge Wealth Management LLC now owns 30,467 shares of the company’s stock worth $882,000 after purchasing an additional 17,418 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in VanEck Inflation Allocation ETF during the fourth quarter valued at $28,000.

VanEck Inflation Allocation ETF Stock Performance

Shares of RAAX opened at $29.63 on Thursday. The company has a market capitalization of $87.41 million, a P/E ratio of 12.92 and a beta of 0.46. The business’s 50-day moving average is $29.19 and its two-hundred day moving average is $28.73. VanEck Inflation Allocation ETF has a fifty-two week low of $24.47 and a fifty-two week high of $30.82.

VanEck Inflation Allocation 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.