Beam Wealth Advisors Inc. Sells 26,501 Shares of VanEck Real Assets ETF $RAAX

Beam Wealth Advisors Inc. lessened its holdings in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 706,647 shares of the company’s stock after selling 26,501 shares during the period. VanEck Real Assets ETF makes up about 7.2% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 2nd biggest holding. Beam Wealth Advisors Inc.’s holdings in VanEck Real Assets ETF were worth $28,768,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Integrated Advisors Network LLC purchased a new position in VanEck Real Assets ETF during the 1st quarter worth $277,000. Beacon Bank & Trust purchased a new stake in VanEck Real Assets ETF in the first quarter valued at about $356,000. Ascentis Independent Advisors purchased a new stake in VanEck Real Assets ETF in the first quarter valued at about $709,000. Berger Financial Group Inc acquired a new stake in VanEck Real Assets ETF in the first quarter worth about $32,973,000. Finally, Private Advisor Group LLC boosted its holdings in VanEck Real Assets ETF by 32.3% in the first quarter. Private Advisor Group LLC now owns 24,762 shares of the company’s stock worth $1,008,000 after acquiring an additional 6,045 shares in the last quarter.

VanEck Real Assets ETF Stock Performance

Shares of RAAX stock opened at $39.44 on Thursday. VanEck Real Assets ETF has a fifty-two week low of $31.48 and a fifty-two week high of $42.75. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55. The stock’s 50-day simple moving average is $40.91 and its 200-day simple moving average is $39.93.

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.