Beam Wealth Advisors Inc. Reduces Position in VanEck Real Assets ETF $RAAX

Beam Wealth Advisors Inc. reduced its position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 706,647 shares of the company’s stock after selling 26,501 shares during the quarter. VanEck Real Assets ETF comprises about 7.2% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 2nd biggest position. Beam Wealth Advisors Inc. owned 3.36% of VanEck Real Assets ETF worth $28,768,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RAAX. Integrated Advisors Network LLC purchased a new stake in shares of VanEck Real Assets ETF in the 1st quarter worth $277,000. Beacon Bank & Trust bought a new position in shares of VanEck Real Assets ETF during the 1st quarter worth $356,000. Ascentis Independent Advisors purchased a new position in shares of VanEck Real Assets ETF during the first quarter valued at $709,000. Berger Financial Group Inc purchased a new position in shares of VanEck Real Assets ETF during the first quarter valued at $32,973,000. Finally, Private Advisor Group LLC raised its holdings in shares of VanEck Real Assets ETF by 32.3% in the first quarter. Private Advisor Group LLC now owns 24,762 shares of the company’s stock valued at $1,008,000 after acquiring an additional 6,045 shares in the last quarter.

VanEck Real Assets ETF Price Performance

NYSEARCA:RAAX opened at $39.44 on Thursday. VanEck Real Assets ETF has a 1-year low of $31.48 and a 1-year high of $42.75. The company has a 50-day moving average of $40.91 and a 200 day moving average of $39.93. The firm has a market cap of $1.06 billion, a PE ratio of 22.21 and a beta of 0.55.

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.