Root Financial Partners LLC Buys New Shares in VanEck Real Assets ETF $RAAX

Root Financial Partners LLC bought a new stake in VanEck Real Assets ETF (NYSEARCA:RAAX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,202 shares of the company’s stock, valued at approximately $924,000. Root Financial Partners LLC owned approximately 0.07% of VanEck Real Assets ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RAAX. Capital Analysts LLC boosted its stake 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 valued at $184,000 after purchasing an additional 1,816 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 acquiring an additional 492 shares during the period. Legacy Wealth Managment LLC ID bought a new stake in VanEck Real Assets ETF during the second quarter valued at about $210,000. First Growth Capital LLC bought a new position in VanEck Real Assets ETF in the 1st quarter worth approximately $216,000. Finally, SteelPeak Wealth LLC purchased a new stake in shares of VanEck Real Assets ETF during the 1st quarter valued at about $220,000.

VanEck Real Assets ETF Stock Up 0.3%

Shares of NYSEARCA RAAX traded up $0.13 during trading hours on Friday, hitting $39.73. 486,992 shares of the stock were exchanged, compared to its average volume of 276,297. The firm has a fifty day moving average price of $40.95 and a 200-day moving average price of $40.80. VanEck Real Assets ETF has a 12 month low of $33.96 and a 12 month high of $42.75. The company has a market cap of $1.39 billion, a PE ratio of 22.21 and a beta of 0.57.

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.