Beaumont Financial Advisors LLC Invests $6.76 Million in VanEck Real Assets ETF $RAAX

Beaumont Financial Advisors LLC purchased a new stake in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 193,407 shares of the company’s stock, valued at approximately $6,756,000. Beaumont Financial Advisors LLC owned about 2.51% of VanEck Real Assets ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ERn Financial LLC acquired a new position in VanEck Real Assets ETF during the 4th quarter worth $3,435,000. Castleview Partners LLC bought a new position in VanEck Real Assets ETF in the 4th quarter valued at $2,606,000. Trek Financial LLC acquired a new stake in shares of VanEck Real Assets ETF in the 3rd quarter valued at $1,980,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of VanEck Real Assets ETF in the 3rd quarter valued at $1,602,000. Finally, Beam Wealth Advisors Inc. raised its position in shares of VanEck Real Assets ETF by 6.7% during the third quarter. Beam Wealth Advisors Inc. now owns 701,789 shares of the company’s stock worth $24,184,000 after acquiring an additional 44,055 shares during the last quarter.

VanEck Real Assets ETF Stock Up 0.4%

VanEck Real Assets ETF stock opened at $41.17 on Friday. The business’s 50-day simple moving average is $40.23 and its 200 day simple moving average is $36.96. The stock has a market cap of $399.35 million, a price-to-earnings ratio of 22.21 and a beta of 0.65. VanEck Real Assets ETF has a 12-month low of $27.05 and a 12-month high of $42.11.

VanEck Real Assets ETF Company 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.