VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Strong Trading Volume – What’s Next?

VanEck Real Assets ETF (NYSEARCA:RAAX) shares saw an uptick in trading volume on Thursday . Approximately 747,457 shares changed hands during trading, an increase of 173% from the previous session’s volume of 273,980 shares.The stock last traded at $39.24 and had previously closed at $39.76.

VanEck Real Assets ETF Stock Performance

The company has a market cap of $1.26 billion, a P/E ratio of 22.21 and a beta of 0.55. The company has a fifty day moving average price of $40.55 and a two-hundred day moving average price of $40.06.

Institutional Trading of VanEck Real Assets ETF

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in VanEck Real Assets ETF during the second quarter worth $262,000. Jane Street Group LLC bought a new stake in VanEck Real Assets ETF in the second quarter valued at $1,163,000. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of VanEck Real Assets ETF by 27.2% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 25,796 shares of the company’s stock valued at $801,000 after purchasing an additional 5,522 shares during the period. Osaic Holdings Inc. raised its holdings in shares of VanEck Real Assets ETF by 332.7% during the second quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock valued at $73,000 after purchasing an additional 1,810 shares during the period. Finally, Equitable Holdings Inc. boosted its position in shares of VanEck Real Assets ETF by 47.8% during the 3rd quarter. Equitable Holdings Inc. now owns 15,083 shares of the company’s stock worth $520,000 after purchasing an additional 4,876 shares in the last quarter.

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.