MinichMacGregor Wealth Management LLC Purchases New Shares in VanEck Real Assets ETF $RAAX

MinichMacGregor Wealth Management LLC purchased a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 262,900 shares of the company’s stock, valued at approximately $10,703,000. VanEck Real Assets ETF makes up approximately 1.9% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 23rd largest position. MinichMacGregor Wealth Management LLC owned 1.33% of VanEck Real Assets ETF at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Prevail Innovative Wealth Advisors LLC increased its position in VanEck Real Assets ETF by 1.4% in the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 26,169 shares of the company’s stock valued at $902,000 after acquiring an additional 373 shares in the last quarter. Equitable Holdings Inc. lifted its position in shares of VanEck Real Assets ETF by 4.6% during the fourth quarter. Equitable Holdings Inc. now owns 15,776 shares of the company’s stock worth $551,000 after purchasing an additional 693 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of VanEck Real Assets ETF by 12.9% during the fourth quarter. Kestra Advisory Services LLC now owns 8,983 shares of the company’s stock worth $314,000 after purchasing an additional 1,025 shares in the last quarter. Tucker Asset Management LLC bought a new stake in shares of VanEck Real Assets ETF during the fourth quarter valued at approximately $43,000. Finally, Raymond James Financial Inc. grew its stake in shares of VanEck Real Assets ETF by 18.7% during the third quarter. Raymond James Financial Inc. now owns 10,016 shares of the company’s stock valued at $345,000 after purchasing an additional 1,577 shares during the last quarter.

VanEck Real Assets ETF Price Performance

Shares of VanEck Real Assets ETF stock opened at $38.94 on Thursday. The firm has a 50 day simple moving average of $41.30 and a 200 day simple moving average of $39.65. VanEck Real Assets ETF has a fifty-two week low of $31.05 and a fifty-two week high of $42.75. The firm has a market cap of $829.42 million, a P/E ratio of 22.21 and a beta of 0.54.

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.