Virtue Capital Management LLC Purchases New Shares in VanEck Real Assets ETF $RAAX

Virtue Capital Management LLC purchased a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,022 shares of the company’s stock, valued at approximately $797,000. Virtue Capital Management LLC owned 0.06% of VanEck Real Assets ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in VanEck Real Assets ETF by 315.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 147,451 shares of the company’s stock worth $5,849,000 after buying an additional 111,945 shares during the last quarter. Collaborative Wealth Managment Inc. lifted its stake in shares of VanEck Real Assets ETF by 234.2% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 23,804 shares of the company’s stock worth $969,000 after acquiring an additional 16,682 shares during the period. PCG Wealth Advisors LLC lifted its stake in shares of VanEck Real Assets ETF by 167.4% in the 2nd quarter. PCG Wealth Advisors LLC now owns 99,818 shares of the company’s stock worth $3,960,000 after acquiring an additional 62,483 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of VanEck Real Assets ETF in the second quarter valued at about $714,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of VanEck Real Assets ETF in the second quarter valued at about $2,147,000.

VanEck Real Assets ETF Stock Down 0.9%

Shares of NYSEARCA:RAAX opened at $39.29 on Tuesday. VanEck Real Assets ETF has a fifty-two week low of $33.96 and a fifty-two week high of $42.75. The firm’s 50-day simple moving average is $40.73 and its 200-day simple moving average is $40.54. The company 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 Company 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.