Oppenheimer & Co. Inc. bought a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,341 shares of the company’s stock, valued at approximately $1,009,000. Oppenheimer & Co. Inc. owned about 0.07% of VanEck Real Assets ETF at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. WESPAC Advisors LLC acquired a new position in shares of VanEck Real Assets ETF in the 3rd quarter worth approximately $763,000. Citizens Financial Group Inc. RI bought a new position in shares of VanEck Real Assets ETF in the third quarter valued at $488,000. Sowell Financial Services LLC purchased a new stake in shares of VanEck Real Assets ETF in the third quarter worth approximately $624,000. Capital Investment Advisors LLC purchased a new position in VanEck Real Assets ETF during the 3rd quarter worth $1,079,000. Finally, Rede Wealth LLC boosted its stake in shares of VanEck Real Assets ETF by 18.3% in the 3rd quarter. Rede Wealth LLC now owns 28,420 shares of the company’s stock worth $1,132,000 after buying an additional 4,391 shares during the last quarter.
VanEck Real Assets ETF Stock Down 0.9%
RAAX opened at $39.29 on Tuesday. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 22.21 and a beta of 0.57. VanEck Real Assets ETF has a twelve month low of $33.96 and a twelve month high of $42.75. The company’s 50-day moving average price is $40.73 and its two-hundred day moving average price is $40.54.
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.
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