Echo45 Advisors LLC Acquires New Position in VanEck Real Assets ETF $RAAX

Echo45 Advisors LLC acquired a new stake in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) in the fourth quarter, Holdings Channel reports. The firm acquired 23,726 shares of the company’s stock, valued at approximately $829,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ERn Financial LLC bought a new stake in VanEck Real Assets ETF during the 4th quarter valued at about $3,435,000. Visionary Horizons LLC bought a new stake in VanEck Real Assets ETF during the 4th quarter valued at about $1,169,000. Assetmark Inc. lifted its holdings in VanEck Real Assets ETF by 35,257.5% during the 4th quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock valued at $12,597,000 after buying an additional 359,627 shares in the last quarter. Beaumont Financial Advisors LLC bought a new stake in VanEck Real Assets ETF during the 4th quarter valued at about $6,756,000. Finally, ProCore Advisors LLC bought a new stake in VanEck Real Assets ETF during the 4th quarter valued at about $578,000.

VanEck Real Assets ETF Price Performance

Shares of RAAX opened at $41.64 on Friday. VanEck Real Assets ETF has a 1-year low of $30.14 and a 1-year high of $42.75. The company has a 50-day moving average of $41.30 and a 200 day moving average of $38.67. The firm has a market capitalization of $886.93 million, a price-to-earnings ratio of 22.21 and a beta of 0.56.

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.