Janney Montgomery Scott LLC purchased a new stake in VanEck Real Assets ETF (NYSEARCA:RAAX – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 36,852 shares of the company’s stock, valued at approximately $1,500,000. Janney Montgomery Scott LLC owned about 0.18% of VanEck Real Assets ETF at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ERn Financial LLC acquired a new stake in VanEck Real Assets ETF in the fourth quarter valued at $3,435,000. Assetmark Inc. lifted its stake in VanEck Real Assets ETF by 35,257.5% in the 4th quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock valued at $12,597,000 after buying an additional 359,627 shares in the last quarter. Visionary Horizons LLC purchased a new position in VanEck Real Assets ETF in the 4th quarter valued at about $1,169,000. ProCore Advisors LLC acquired a new stake in shares of VanEck Real Assets ETF during the 4th quarter worth about $578,000. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of VanEck Real Assets ETF during the fourth quarter worth about $6,756,000.
VanEck Real Assets ETF Stock Performance
Shares of RAAX opened at $39.47 on Friday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55. The company’s 50 day simple moving average is $40.82 and its 200 day simple moving average is $39.95. VanEck Real Assets ETF has a 1 year low of $31.48 and a 1 year high of $42.75.
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.
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