Principle Wealth Partners LLC Has $1.33 Million Stock Holdings in VanEck Real Assets ETF $RAAX

Principle Wealth Partners LLC lifted its holdings in VanEck Real Assets ETF (NYSEARCA:RAAX) by 402.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,078 shares of the company’s stock after buying an additional 30,498 shares during the period. Principle Wealth Partners LLC owned about 0.39% of VanEck Real Assets ETF worth $1,330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RAAX. Tucker Asset Management LLC acquired a new stake in VanEck Real Assets ETF during the fourth quarter valued at $43,000. Osaic Holdings Inc. boosted its position in VanEck Real Assets ETF by 332.7% during the second quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock valued at $73,000 after purchasing an additional 1,810 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in VanEck Real Assets ETF by 1,576.3% during the third quarter. Capital Investment Advisory Services LLC now owns 4,392 shares of the company’s stock valued at $151,000 after purchasing an additional 4,130 shares during the last quarter. Kraematon Investment Advisors Inc. acquired a new stake in VanEck Real Assets ETF during the fourth quarter valued at $234,000. Finally, Realta Investment Advisors boosted its position in VanEck Real Assets ETF by 458.3% during the fourth quarter. Realta Investment Advisors now owns 6,700 shares of the company’s stock valued at $234,000 after purchasing an additional 5,500 shares during the last quarter.

VanEck Real Assets ETF Trading Up 0.0%

RAAX opened at $41.65 on Friday. The stock has a market cap of $887.15 million, a price-to-earnings ratio of 22.21 and a beta of 0.56. VanEck Real Assets ETF has a 1 year low of $30.14 and a 1 year high of $42.75. The stock has a fifty day moving average price of $41.30 and a 200 day moving average price of $38.69.

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.