The Manufacturers Life Insurance Company acquired a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,000 shares of the company’s stock, valued at approximately $714,000.
Other large investors also recently modified their holdings of the company. Tucker Asset Management LLC purchased a new position in shares of VanEck Real Assets ETF during the fourth quarter valued at approximately $43,000. Capital Analysts LLC raised its position in VanEck Real Assets ETF by 64.7% in the 2nd quarter. Capital Analysts LLC now owns 4,624 shares of the company’s stock valued at $184,000 after buying an additional 1,816 shares during the last quarter. First Growth Capital LLC bought a new position in VanEck Real Assets ETF during the 1st quarter valued at $216,000. Legacy Wealth Managment LLC ID purchased a new position in VanEck Real Assets ETF during the 2nd quarter worth $210,000. Finally, SteelPeak Wealth LLC bought a new stake in shares of VanEck Real Assets ETF in the 1st quarter worth $220,000.
VanEck Real Assets ETF Price Performance
RAAX opened at $40.83 on Tuesday. The company’s 50-day moving average is $40.62 and its 200 day moving average is $40.85. VanEck Real Assets ETF has a fifty-two week low of $33.38 and a fifty-two week high of $42.75. The firm has a market capitalization of $1.19 billion, a P/E ratio of 22.21 and a beta of 0.56.
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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