Ascentis Independent Advisors Buys Shares of 17,404 VanEck Real Assets ETF $RAAX

Ascentis Independent Advisors purchased a new stake in VanEck Real Assets ETF (NYSEARCA:RAAX) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 17,404 shares of the company’s stock, valued at approximately $709,000.

A number of other institutional investors also recently modified their holdings of RAAX. Etesian Wealth Advisors Inc. lifted its position in shares of VanEck Real Assets ETF by 10.4% during the 1st quarter. Etesian Wealth Advisors Inc. now owns 7,135 shares of the company’s stock worth $290,000 after buying an additional 671 shares during the last quarter. Equitable Holdings Inc. boosted its stake in VanEck Real Assets ETF by 4.6% in the fourth quarter. Equitable Holdings Inc. now owns 15,776 shares of the company’s stock valued at $551,000 after buying an additional 693 shares in the last quarter. Kestra Advisory Services LLC grew its position in VanEck Real Assets ETF by 12.9% in the fourth quarter. Kestra Advisory Services LLC now owns 8,983 shares of the company’s stock valued at $314,000 after acquiring an additional 1,025 shares during the last quarter. Realta Investment Advisors grew its position in VanEck Real Assets ETF by 16.4% in the first quarter. Realta Investment Advisors now owns 7,800 shares of the company’s stock valued at $318,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Tucker Asset Management LLC acquired a new position in VanEck Real Assets ETF during the fourth quarter worth about $43,000.

VanEck Real Assets ETF Trading Up 0.3%

RAAX stock opened at $39.44 on Thursday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 22.21 and a beta of 0.55. VanEck Real Assets ETF has a 12 month low of $31.48 and a 12 month high of $42.75. The firm has a 50-day moving average price of $40.91 and a 200-day moving average price of $39.93.

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.