23,202 Shares of VanEck Real Assets ETF $RAAX Bought by Root Financial Partners LLC

Root Financial Partners LLC acquired a new stake in VanEck Real Assets ETF (NYSEARCA:RAAX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,202 shares of the company’s stock, valued at approximately $924,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Magnus Financial Group LLC increased its holdings in VanEck Real Assets ETF by 21.8% in the 3rd quarter. Magnus Financial Group LLC now owns 119,825 shares of the company’s stock valued at $4,773,000 after buying an additional 21,470 shares during the period. Sunrise Financial Services LLC boosted its stake in shares of VanEck Real Assets ETF by 13.5% in the 3rd quarter. Sunrise Financial Services LLC now owns 93,486 shares of the company’s stock worth $3,724,000 after buying an additional 11,123 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of VanEck Real Assets ETF during the 3rd quarter valued at approximately $624,000. Diversify Advisory Services LLC bought a new stake in shares of VanEck Real Assets ETF during the 3rd quarter valued at about $265,000. Finally, Mayfair Advisory Group LLC grew its position in VanEck Real Assets ETF by 64.1% during the third quarter. Mayfair Advisory Group LLC now owns 8,465 shares of the company’s stock valued at $337,000 after acquiring an additional 3,305 shares during the last quarter.

VanEck Real Assets ETF Stock Performance

RAAX stock traded up $0.13 on Friday, reaching $39.73. The company’s stock had a trading volume of 486,992 shares, compared to its average volume of 276,297. The business has a fifty day simple moving average of $40.95 and a two-hundred day simple moving average of $40.80. The firm has a market cap of $1.39 billion, a PE ratio of 22.21 and a beta of 0.57. VanEck Real Assets ETF has a 12-month low of $33.96 and a 12-month high of $42.75.

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.