Kestra Advisory Services LLC Purchases 134,647 Shares of VanEck Real Assets ETF $RAAX

Kestra Advisory Services LLC lifted its position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) by 294.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,318 shares of the company’s stock after buying an additional 134,647 shares during the period. Kestra Advisory Services LLC owned about 0.51% of VanEck Real Assets ETF worth $7,182,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in VanEck Real Assets ETF by 315.3% during the second quarter. Envestnet Asset Management Inc. now owns 147,451 shares of the company’s stock valued at $5,849,000 after acquiring an additional 111,945 shares during the last quarter. Collaborative Wealth Managment Inc. raised its stake in shares of VanEck Real Assets ETF by 234.2% during the first quarter. Collaborative Wealth Managment Inc. now owns 23,804 shares of the company’s stock worth $969,000 after acquiring an additional 16,682 shares in the last quarter. PCG Wealth Advisors LLC lifted its holdings in shares of VanEck Real Assets ETF by 167.4% in the 2nd quarter. PCG Wealth Advisors LLC now owns 99,818 shares of the company’s stock worth $3,960,000 after acquiring an additional 62,483 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of VanEck Real Assets ETF in the 2nd quarter worth approximately $714,000. Finally, Root Financial Partners LLC bought a new stake in shares of VanEck Real Assets ETF in the 3rd quarter worth approximately $924,000.

VanEck Real Assets ETF Stock Performance

Shares of VanEck Real Assets ETF stock opened at $38.76 on Thursday. VanEck Real Assets ETF has a 52-week low of $33.98 and a 52-week high of $42.75. The company has a fifty day moving average of $40.33 and a 200-day moving average of $40.57. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 22.21 and a beta of 0.53.

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.