676,731 Shares of VanEck Real Assets ETF $RAAX Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC bought a new position in VanEck Real Assets ETF (NYSEARCA:RAAX) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 676,731 shares of the company’s stock, valued at approximately $26,954,000.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of VanEck Real Assets ETF by 2,052.3% in the 1st quarter. Cetera Investment Advisers now owns 1,063,396 shares of the company’s stock valued at $43,291,000 after acquiring an additional 1,013,989 shares in the last quarter. New England Private Wealth Advisors LLC grew its position in VanEck Real Assets ETF by 14.5% during the 3rd quarter. New England Private Wealth Advisors LLC now owns 692,344 shares of the company’s stock worth $27,576,000 after purchasing an additional 87,670 shares in the last quarter. Assetmark Inc. grew its position in VanEck Real Assets ETF by 12.8% during the 1st quarter. Assetmark Inc. now owns 406,755 shares of the company’s stock worth $16,559,000 after purchasing an additional 46,108 shares in the last quarter. Beaumont Financial Advisors LLC grew its position in VanEck Real Assets ETF by 87.8% during the 1st quarter. Beaumont Financial Advisors LLC now owns 363,123 shares of the company’s stock worth $14,783,000 after purchasing an additional 169,716 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC grew its position in VanEck Real Assets ETF by 1.5% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 269,560 shares of the company’s stock worth $10,737,000 after purchasing an additional 3,943 shares in the last quarter.

VanEck Real Assets ETF Stock Up 2.0%

Shares of NYSEARCA:RAAX opened at $38.91 on Tuesday. The company’s fifty day moving average is $40.43 and its two-hundred day moving average is $40.57. VanEck Real Assets ETF has a 12-month low of $33.98 and a 12-month high of $42.75. The company has a market cap of $1.39 billion, a P/E ratio of 22.21 and a beta of 0.55.

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.