Shares of VanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) saw an uptick in trading volume on Thursday . 321,877 shares changed hands during mid-day trading, an increase of 17% from the previous session’s volume of 276,236 shares.The stock last traded at $40.50 and had previously closed at $40.40.
VanEck Real Assets ETF Price Performance
The firm’s 50 day moving average is $40.39 and its 200 day moving average is $40.20. The company has a market capitalization of $1.12 billion, a PE ratio of 22.21 and a beta of 0.55.
Institutional Trading of VanEck Real Assets ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of VanEck Real Assets ETF in the 2nd quarter valued at approximately $262,000. Jane Street Group LLC purchased a new stake in VanEck Real Assets ETF in the second quarter worth $1,163,000. Prevail Innovative Wealth Advisors LLC raised its holdings in VanEck Real Assets ETF by 27.2% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 25,796 shares of the company’s stock worth $801,000 after purchasing an additional 5,522 shares in the last quarter. Osaic Holdings Inc. raised its holdings in VanEck Real Assets ETF by 332.7% in the second quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock worth $73,000 after purchasing an additional 1,810 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its position in VanEck Real Assets ETF by 47.8% during the third quarter. Equitable Holdings Inc. now owns 15,083 shares of the company’s stock valued at $520,000 after buying an additional 4,876 shares during the period.
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.
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