Mascagni Wealth Management Inc. Makes New $681,000 Investment in VanEck Real Assets ETF $RAAX

Mascagni Wealth Management Inc. acquired a new stake in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,738 shares of the company’s stock, valued at approximately $681,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in shares of VanEck Real Assets ETF in the 4th quarter worth about $43,000. NewEdge Advisors LLC grew its holdings in VanEck Real Assets ETF by 514.6% during the 4th quarter. NewEdge Advisors LLC now owns 1,893 shares of the company’s stock valued at $66,000 after purchasing an additional 1,585 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in VanEck Real Assets ETF by 1,129.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,967 shares of the company’s stock valued at $69,000 after purchasing an additional 1,807 shares during the last quarter. Osaic Holdings Inc. raised its position in VanEck Real Assets ETF by 332.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock worth $73,000 after purchasing an additional 1,810 shares during the period. Finally, First Growth Capital LLC purchased a new stake in VanEck Real Assets ETF in the 1st quarter worth about $216,000.

VanEck Real Assets ETF Price Performance

Shares of NYSEARCA RAAX opened at $39.49 on Friday. VanEck Real Assets ETF has a 1 year low of $31.48 and a 1 year high of $42.75. The firm has a 50-day simple moving average of $40.11 and a two-hundred day simple moving average of $40.36. The company has a market cap of $1.14 billion, a P/E ratio of 22.21 and a beta of 0.55.

VanEck Real Assets ETF 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.