Bayshore Capital Advisors LLC Buys 309,203 Shares of VanEck Real Assets ETF $RAAX

Bayshore Capital Advisors LLC bought a new position in VanEck Real Assets ETF (NYSEARCA:RAAX) during the 3rd quarter, Holdings Channel reports. The fund bought 309,203 shares of the company’s stock, valued at approximately $12,316,000. VanEck Real Assets ETF accounts for about 6.4% of Bayshore Capital Advisors LLC’s holdings, making the stock its 4th largest position.

Several other institutional investors have also added to or reduced their stakes in RAAX. Provenance Wealth Advisors LLC purchased a new stake in VanEck Real Assets ETF during the third quarter worth about $177,000. Capital Analysts LLC raised its holdings in shares of VanEck Real Assets ETF by 64.7% in the 2nd quarter. Capital Analysts LLC now owns 4,624 shares of the company’s stock worth $184,000 after purchasing an additional 1,816 shares during the period. Farther Finance Advisors LLC grew its stake in shares of VanEck Real Assets ETF by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 4,983 shares of the company’s stock worth $198,000 after purchasing an additional 492 shares during the last quarter. Legacy Wealth Managment LLC ID purchased a new position in VanEck Real Assets ETF during the second quarter valued at approximately $210,000. Finally, First Growth Capital LLC purchased a new stake in VanEck Real Assets ETF during the first quarter worth $216,000.

VanEck Real Assets ETF Stock Down 0.2%

RAAX opened at $38.15 on Friday. VanEck Real Assets ETF has a 52 week low of $33.98 and a 52 week high of $42.75. The business’s 50 day moving average is $40.47 and its two-hundred day moving average is $40.57. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55.

VanEck Real Assets ETF 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.