LPL Financial LLC Acquires 46,129 Shares of VanEck Real Assets ETF (NYSEARCA:RAAX)

LPL Financial LLC raised its holdings in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) by 11.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 463,901 shares of the company’s stock after acquiring an additional 46,129 shares during the quarter. LPL Financial LLC owned approximately 12.71% of VanEck Real Assets ETF worth $14,114,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RAAX. Copley Financial Group Inc. lifted its holdings in VanEck Real Assets ETF by 73.7% during the 4th quarter. Copley Financial Group Inc. now owns 208,346 shares of the company’s stock valued at $5,873,000 after purchasing an additional 88,410 shares during the last quarter. Jane Street Group LLC bought a new stake in VanEck Real Assets ETF during the fourth quarter worth about $772,000. Prevail Innovative Wealth Advisors LLC acquired a new position in VanEck Real Assets ETF during the first quarter worth about $617,000. Avantax Advisory Services Inc. increased its stake in shares of VanEck Real Assets ETF by 97.3% in the first quarter. Avantax Advisory Services Inc. now owns 33,274 shares of the company’s stock valued at $1,012,000 after buying an additional 16,411 shares during the period. Finally, Accurate Wealth Management LLC acquired a new position in shares of VanEck Real Assets ETF in the first quarter valued at approximately $401,000.

VanEck Real Assets ETF Stock Performance

VanEck Real Assets ETF stock opened at $31.92 on Thursday. The stock has a market capitalization of $132.47 million, a price-to-earnings ratio of 22.21 and a beta of 0.65. VanEck Real Assets ETF has a 52-week low of $26.71 and a 52-week high of $32.83. The stock’s 50 day moving average price is $31.64 and its two-hundred day moving average price is $30.38.

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.