Oppenheimer & Co. Inc. acquired a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,341 shares of the company’s stock, valued at approximately $1,009,000.
Several other large investors have also modified their holdings of RAAX. Capital Analysts LLC boosted its position in VanEck Real Assets ETF by 64.7% in the second 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. Farther Finance Advisors LLC grew its stake in shares of VanEck Real Assets ETF by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 4,983 shares of the company’s stock valued at $198,000 after buying an additional 492 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in shares of VanEck Real Assets ETF during the second quarter worth $210,000. First Growth Capital LLC acquired a new stake in VanEck Real Assets ETF during the first quarter worth approximately $216,000. Finally, SteelPeak Wealth LLC purchased a new position in shares of VanEck Real Assets ETF during the first quarter worth about $220,000.
VanEck Real Assets ETF Stock Performance
Shares of VanEck Real Assets ETF stock opened at $39.29 on Tuesday. The firm has a fifty day moving average of $40.73 and a two-hundred day moving average of $40.54. VanEck Real Assets ETF has a one year low of $33.96 and a one year high of $42.75. The company has a market cap of $1.40 billion, a P/E ratio of 22.21 and a beta of 0.57.
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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