Castleview Partners LLC Makes New Investment in VanEck Real Assets ETF $RAAX

Castleview Partners LLC purchased a new stake in VanEck Real Assets ETF (NYSEARCA:RAAX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 74,613 shares of the company’s stock, valued at approximately $2,606,000. VanEck Real Assets ETF comprises approximately 1.3% of Castleview Partners LLC’s holdings, making the stock its 15th largest position. Castleview Partners LLC owned about 0.98% of VanEck Real Assets ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Trek Financial LLC acquired a new position in shares of VanEck Real Assets ETF in the third quarter worth approximately $1,980,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in VanEck Real Assets ETF during the 3rd quarter valued at approximately $1,602,000. Beam Wealth Advisors Inc. increased its position in VanEck Real Assets ETF by 6.7% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 701,789 shares of the company’s stock valued at $24,184,000 after purchasing an additional 44,055 shares during the period. Jane Street Group LLC bought a new position in VanEck Real Assets ETF during the 2nd quarter worth approximately $1,163,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in VanEck Real Assets ETF by 290.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,010 shares of the company’s stock worth $1,156,000 after purchasing an additional 23,805 shares during the last quarter.

VanEck Real Assets ETF Stock Performance

Shares of NYSEARCA RAAX opened at $40.00 on Thursday. The company’s 50 day moving average price is $39.89 and its 200-day moving average price is $36.68. VanEck Real Assets ETF has a 52-week low of $27.05 and a 52-week high of $42.11. The company has a market capitalization of $388 million, a P/E ratio of 22.21 and a beta of 0.65.

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.