VanEck Real Assets ETF $RAAX Shares Acquired by Royal Bank of Canada

Royal Bank of Canada increased its stake in VanEck Real Assets ETF (NYSEARCA:RAAX) by 247,204.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,233 shares of the company’s stock after purchasing an additional 116,186 shares during the quarter. Royal Bank of Canada owned 0.55% of VanEck Real Assets ETF worth $4,732,000 at the end of the most recent quarter.

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

VanEck Real Assets ETF Price Performance

RAAX opened at $41.12 on Friday. The stock has a market cap of $1.19 billion, a P/E ratio of 22.21 and a beta of 0.55. The stock’s 50 day simple moving average is $39.90 and its 200 day simple moving average is $40.56. VanEck Real Assets ETF has a 1-year low of $31.62 and a 1-year high of $42.75.

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.