VanEck Real Assets ETF $RAAX Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC raised its stake in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) by 1,714.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 34,344 shares of the company’s stock after acquiring an additional 32,451 shares during the period. NewEdge Advisors LLC’s holdings in VanEck Real Assets ETF were worth $1,398,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Etesian Wealth Advisors Inc. boosted its stake in shares of VanEck Real Assets ETF by 10.4% in the first quarter. Etesian Wealth Advisors Inc. now owns 7,135 shares of the company’s stock worth $290,000 after buying an additional 671 shares during the last quarter. Equitable Holdings Inc. raised its position in VanEck Real Assets ETF by 4.6% during the fourth quarter. Equitable Holdings Inc. now owns 15,776 shares of the company’s stock valued at $551,000 after acquiring an additional 693 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in VanEck Real Assets ETF by 12.9% in the fourth quarter. Kestra Advisory Services LLC now owns 8,983 shares of the company’s stock valued at $314,000 after acquiring an additional 1,025 shares during the period. Realta Investment Advisors lifted its holdings in VanEck Real Assets ETF by 16.4% in the first quarter. Realta Investment Advisors now owns 7,800 shares of the company’s stock valued at $318,000 after acquiring an additional 1,100 shares during the period. Finally, Tucker Asset Management LLC acquired a new position in VanEck Real Assets ETF in the fourth quarter valued at approximately $43,000.

VanEck Real Assets ETF Stock Performance

VanEck Real Assets ETF stock opened at $41.53 on Monday. The firm has a market cap of $1.21 billion, a PE ratio of 22.21 and a beta of 0.55. VanEck Real Assets ETF has a 12 month low of $31.62 and a 12 month high of $42.75. The stock’s 50 day simple moving average is $39.92 and its two-hundred day simple moving average is $40.58.

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.