VanEck Real Assets ETF (NYSEARCA:RAAX) Sets New 12-Month High – Here’s What Happened

VanEck Real Assets ETF (NYSEARCA:RAAX) shares hit a new 52-week high on Thursday . The company traded as high as $42.16 and last traded at $42.16, with a volume of 17165 shares. The stock had previously closed at $41.56.

VanEck Real Assets ETF Trading Up 1.8%

The company has a market capitalization of $890.84 million, a PE ratio of 22.21 and a beta of 0.58. The firm has a fifty day moving average of $40.99 and a two-hundred day moving average of $37.93.

Institutional Investors Weigh In On VanEck Real Assets ETF

Several institutional investors have recently bought and sold shares of RAAX. Prevail Innovative Wealth Advisors LLC boosted its position in VanEck Real Assets ETF by 1.4% during the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 26,169 shares of the company’s stock valued at $902,000 after buying an additional 373 shares during the period. Stratos Wealth Partners LTD. boosted its position in VanEck Real Assets ETF by 3.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 12,052 shares of the company’s stock valued at $415,000 after buying an additional 450 shares during the period. Etesian Wealth Advisors Inc. boosted its position in VanEck Real Assets ETF by 10.4% during the 1st quarter. Etesian Wealth Advisors Inc. now owns 7,135 shares of the company’s stock valued at $290,000 after buying an additional 671 shares during the period. Equitable Holdings Inc. boosted its position in VanEck Real Assets ETF by 4.6% during the 4th quarter. Equitable Holdings Inc. now owns 15,776 shares of the company’s stock valued at $551,000 after buying an additional 693 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in VanEck Real Assets ETF by 12.9% during the 4th quarter. Kestra Advisory Services LLC now owns 8,983 shares of the company’s stock valued at $314,000 after buying an additional 1,025 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.