Cetera Investment Advisers Purchases 1,013,989 Shares of VanEck Real Assets ETF $RAAX

Cetera Investment Advisers increased its holdings in VanEck Real Assets ETF (NYSEARCA:RAAX) by 2,052.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,063,396 shares of the company’s stock after acquiring an additional 1,013,989 shares during the quarter. Cetera Investment Advisers’ holdings in VanEck Real Assets ETF were worth $43,291,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RAAX. LPL Financial LLC grew its position in VanEck Real Assets ETF by 51.7% during the fourth quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock worth $63,077,000 after buying an additional 615,623 shares in the last quarter. Berger Financial Group Inc bought a new stake in shares of VanEck Real Assets ETF during the 1st quarter valued at about $32,973,000. Beam Wealth Advisors Inc. boosted its position in shares of VanEck Real Assets ETF by 4.5% during the 4th quarter. Beam Wealth Advisors Inc. now owns 733,148 shares of the company’s stock valued at $25,609,000 after acquiring an additional 31,359 shares during the last quarter. Assetmark Inc. grew its holdings in shares of VanEck Real Assets ETF by 12.8% during the first quarter. Assetmark Inc. now owns 406,755 shares of the company’s stock worth $16,559,000 after purchasing an additional 46,108 shares in the last quarter. Finally, Beaumont Financial Advisors LLC grew its holdings in shares of VanEck Real Assets ETF by 87.8% during the first quarter. Beaumont Financial Advisors LLC now owns 363,123 shares of the company’s stock worth $14,783,000 after purchasing an additional 169,716 shares in the last quarter.

VanEck Real Assets ETF Trading Down 0.8%

RAAX stock opened at $40.12 on Friday. The company’s 50 day moving average is $40.31 and its 200 day moving average is $40.24. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55. 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.