NewEdge Advisors LLC Buys 32,451 Shares of VanEck Real Assets ETF $RAAX

NewEdge Advisors LLC lifted its holdings in VanEck Real Assets ETF (NYSEARCA:RAAX) by 1,714.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,344 shares of the company’s stock after buying an additional 32,451 shares during the quarter. NewEdge Advisors LLC owned approximately 0.16% of VanEck Real Assets ETF worth $1,398,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tucker Asset Management LLC purchased a new stake in shares of VanEck Real Assets ETF in the 4th quarter worth approximately $43,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of VanEck Real Assets ETF by 1,129.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,967 shares of the company’s stock valued at $69,000 after purchasing an additional 1,807 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of VanEck Real Assets ETF by 332.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock worth $73,000 after purchasing an additional 1,810 shares in the last quarter. First Growth Capital LLC acquired a new stake in shares of VanEck Real Assets ETF in the 1st quarter worth $216,000. Finally, SteelPeak Wealth LLC acquired a new stake in shares of VanEck Real Assets ETF in the 1st quarter worth $220,000.

VanEck Real Assets ETF Price Performance

Shares of RAAX stock opened at $41.53 on Monday. The stock’s fifty day moving average price is $39.92 and its 200 day moving average price is $40.58. VanEck Real Assets ETF has a 1-year low of $31.62 and a 1-year high of $42.75. The company has a market cap of $1.21 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.