VanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) saw strong trading volume on Friday. Approximately 1,154,903 shares changed hands during trading, an increase of 317% from the average daily volume of 276,801 shares. The stock last traded at $38.2360 and had previously closed at $38.21.
VanEck Real Assets ETF Stock Performance
The company has a market cap of $1.37 billion, a P/E ratio of 22.21 and a beta of 0.55. The firm’s fifty day moving average is $40.47 and its two-hundred day moving average is $40.57.
Hedge Funds Weigh In On VanEck Real Assets ETF
Large investors have recently made changes to their positions in the business. Jacobi Capital Management LLC purchased a new stake in shares of VanEck Real Assets ETF during the third quarter worth about $98,000. Provenance Wealth Advisors LLC bought a new stake in VanEck Real Assets ETF during the 3rd quarter valued at approximately $177,000. Capital Analysts LLC lifted its holdings in VanEck Real Assets ETF by 64.7% in the 2nd quarter. Capital Analysts LLC now owns 4,624 shares of the company’s stock worth $184,000 after purchasing an additional 1,816 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in VanEck Real Assets ETF by 11.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,983 shares of the company’s stock worth $198,000 after purchasing an additional 492 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID purchased a new position in VanEck Real Assets ETF in the 2nd quarter worth approximately $210,000.
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.
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