Cascade Investment Group Inc. Makes New Investment in VanEck Real Assets ETF $RAAX

Cascade Investment Group Inc. purchased a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,831 shares of the company’s stock, valued at approximately $1,547,000. Cascade Investment Group Inc. owned approximately 0.11% of VanEck Real Assets ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of RAAX. Castleview Partners LLC increased its position in VanEck Real Assets ETF by 33.9% during the 3rd quarter. Castleview Partners LLC now owns 75,106 shares of the company’s stock worth $2,991,000 after purchasing an additional 19,014 shares in the last quarter. Riversedge Advisors LLC lifted its holdings in VanEck Real Assets ETF by 6.0% in the 3rd quarter. Riversedge Advisors LLC now owns 167,730 shares of the company’s stock valued at $6,681,000 after purchasing an additional 9,498 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of VanEck Real Assets ETF by 11.0% during the 3rd 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. YHB Investment Advisors Inc. acquired a new stake in shares of VanEck Real Assets ETF during the 3rd quarter worth about $344,000. Finally, Echo45 Advisors LLC boosted its stake in shares of VanEck Real Assets ETF by 5.3% during the 3rd quarter. Echo45 Advisors LLC now owns 27,754 shares of the company’s stock worth $1,105,000 after purchasing an additional 1,395 shares during the last quarter.

VanEck Real Assets ETF Trading Down 0.4%

Shares of NYSEARCA RAAX traded down $0.14 during midday trading on Tuesday, reaching $40.70. 63,800 shares of the stock were exchanged, compared to its average volume of 276,235. The stock has a 50 day moving average price of $41.03 and a 200-day moving average price of $40.82. The company has a market capitalization of $1.39 billion, a P/E ratio of 22.21 and a beta of 0.57. VanEck Real Assets ETF has a 52-week low of $33.96 and a 52-week high of $42.75.

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.