Shares of VanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) saw strong trading volume on Thursday . Approximately 321,877 shares traded hands during mid-day trading, an increase of 17% from the previous session’s volume of 276,236 shares.The stock last traded at $40.50 and had previously closed at $40.40.
VanEck Real Assets ETF Stock Performance
The company has a market capitalization of $1.12 billion, a PE ratio of 22.21 and a beta of 0.55. The business’s 50-day moving average is $40.39 and its 200-day moving average is $40.20.
Hedge Funds Weigh In On VanEck Real Assets ETF
A number of institutional investors and hedge funds have recently made changes to their positions in RAAX. Tucker Asset Management LLC bought a new stake in shares of VanEck Real Assets ETF in the 4th quarter worth approximately $43,000. NewEdge Advisors LLC increased its position in VanEck Real Assets ETF by 514.6% during the 4th quarter. NewEdge Advisors LLC now owns 1,893 shares of the company’s stock valued at $66,000 after buying an additional 1,585 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in VanEck Real Assets ETF by 1,129.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,967 shares of the company’s stock valued at $69,000 after buying an additional 1,807 shares during the last quarter. Osaic Holdings Inc. raised its stake in 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 buying an additional 1,810 shares during the last quarter. Finally, First Growth Capital LLC bought a new stake in VanEck Real Assets ETF in the first quarter worth $216,000.
VanEck Real Assets ETF Company Profile
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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