VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Unusually-High Trading Volume – Still a Buy?

VanEck Real Assets ETF (NYSEARCA:RAAX) shares saw an uptick in trading volume on Thursday . Approximately 747,457 shares changed hands during mid-day trading, an increase of 173% from the previous session’s volume of 273,980 shares.The stock last traded at $39.24 and had previously closed at $39.76.

VanEck Real Assets ETF Trading Down 1.3%

The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55. The stock’s 50 day moving average price is $40.66 and its 200 day moving average price is $40.05.

Hedge Funds Weigh In On VanEck Real Assets ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in VanEck Real Assets ETF by 0.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 118,067 shares of the company’s stock worth $4,684,000 after buying an additional 412 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of VanEck Real Assets ETF by 1.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 47,537 shares of the company’s stock valued at $1,886,000 after buying an additional 771 shares during the period. Ferguson Shapiro LLC acquired a new stake in shares of VanEck Real Assets ETF during the 2nd quarter worth $8,154,000. Western Wealth Management LLC bought a new stake in shares of VanEck Real Assets ETF during the 1st quarter worth approximately $411,000. Finally, FAS Wealth Partners Inc. raised its holdings in shares of VanEck Real Assets ETF by 83.3% during the 1st quarter. FAS Wealth Partners Inc. now owns 40,155 shares of the company’s stock worth $1,635,000 after buying an additional 18,246 shares in the last quarter.

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.