Assetmark Inc. boosted its holdings in VanEck Real Assets ETF (NYSEARCA:RAAX – Free Report) by 12.8% in the first quarter, Holdings Channel reports. The firm owned 406,755 shares of the company’s stock after purchasing an additional 46,108 shares during the quarter. Assetmark Inc.’s holdings in VanEck Real Assets ETF were worth $16,559,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ERn Financial LLC bought a new stake in VanEck Real Assets ETF during the 4th quarter worth about $3,435,000. Visionary Horizons LLC bought a new position in shares of VanEck Real Assets ETF in the 4th quarter valued at about $1,169,000. ProCore Advisors LLC bought a new position in shares of VanEck Real Assets ETF in the 4th quarter valued at about $578,000. Beaumont Financial Advisors LLC bought a new position in shares of VanEck Real Assets ETF in the 4th quarter valued at about $6,756,000. Finally, Beam Wealth Advisors Inc. increased its position in shares of VanEck Real Assets ETF by 4.5% in the fourth quarter. Beam Wealth Advisors Inc. now owns 733,148 shares of the company’s stock valued at $25,609,000 after acquiring an additional 31,359 shares during the last quarter.
VanEck Real Assets ETF Stock Performance
NYSEARCA:RAAX opened at $39.33 on Monday. VanEck Real Assets ETF has a 52-week low of $31.48 and a 52-week high of $42.75. The company has a market cap of $1.26 billion, a P/E ratio of 22.21 and a beta of 0.55. The stock’s 50-day simple moving average is $40.55 and its 200 day simple moving average is $40.10.
About VanEck Real Assets 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. RAAX was launched on Apr 9, 2018 and is managed by VanEck.
Featured Articles
- Five stocks we like better than VanEck Real Assets ETF
- Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
- Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
- 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
Want to see what other hedge funds are holding RAAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Real Assets ETF (NYSEARCA:RAAX – Free Report).
Receive News & Ratings for VanEck Real Assets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Real Assets ETF and related companies with MarketBeat.com's FREE daily email newsletter.
