Berger Financial Group Inc Purchases New Stake in VanEck Real Assets ETF $RAAX

Berger Financial Group Inc acquired a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 809,945 shares of the company’s stock, valued at approximately $32,973,000. VanEck Real Assets ETF comprises 1.8% of Berger Financial Group Inc’s holdings, making the stock its 10th largest holding.

Several other large investors have also recently bought and sold shares of the business. LPL Financial LLC lifted its holdings in VanEck Real Assets ETF by 51.7% in the fourth quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock valued at $63,077,000 after acquiring an additional 615,623 shares during the period. Assetmark Inc. grew its stake in shares of VanEck Real Assets ETF by 35,257.5% during the 4th quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock worth $12,597,000 after purchasing an additional 359,627 shares during the period. MinichMacGregor Wealth Management LLC acquired a new position in shares of VanEck Real Assets ETF during the 1st quarter worth $10,703,000. CWM LLC acquired a new position in shares of VanEck Real Assets ETF during the 4th quarter worth $7,542,000. Finally, Beaumont Financial Advisors LLC purchased a new position in shares of VanEck Real Assets ETF in the 4th quarter valued at about $6,756,000.

VanEck Real Assets ETF Price Performance

Shares of NYSEARCA RAAX opened at $39.37 on Friday. VanEck Real Assets ETF has a 52 week low of $31.48 and a 52 week high of $42.75. The firm has a 50-day moving average price of $41.04 and a 200 day moving average price of $39.82. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55.

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.