VanEck Real Assets ETF $RAAX Shares Purchased by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. increased its position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 733,148 shares of the company’s stock after purchasing an additional 31,359 shares during the quarter. VanEck Real Assets ETF accounts for 7.0% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 2nd biggest holding. Beam Wealth Advisors Inc. owned approximately 0.08% of VanEck Real Assets ETF worth $25,609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in VanEck Real Assets ETF by 35,257.5% during the fourth quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock worth $12,597,000 after purchasing an additional 359,627 shares during the last quarter. CWM LLC acquired a new position in VanEck Real Assets ETF during the fourth quarter worth $7,542,000. Copley Financial Group Inc. raised its holdings in VanEck Real Assets ETF by 2.6% during the third quarter. Copley Financial Group Inc. now owns 198,809 shares of the company’s stock worth $6,851,000 after purchasing an additional 5,022 shares during the last quarter. Beaumont Financial Advisors LLC acquired a new position in VanEck Real Assets ETF during the fourth quarter worth $6,756,000. Finally, ERn Financial LLC acquired a new position in VanEck Real Assets ETF during the fourth quarter worth $3,435,000.

VanEck Real Assets ETF Stock Performance

VanEck Real Assets ETF stock opened at $42.05 on Monday. The stock has a fifty day moving average of $41.11 and a two-hundred day moving average of $38.15. The company has a market capitalization of $895.67 million, a price-to-earnings ratio of 22.21 and a beta of 0.56. VanEck Real Assets ETF has a fifty-two week low of $30.11 and a fifty-two week high of $42.39.

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.