ERn Financial LLC Invests $3.44 Million in VanEck Real Assets ETF $RAAX

ERn Financial LLC bought a new stake in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 98,341 shares of the company’s stock, valued at approximately $3,435,000. ERn Financial LLC owned 1.27% of VanEck Real Assets ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RAAX. Realta Investment Advisors acquired a new position in VanEck Real Assets ETF in the 3rd quarter worth about $41,000. Osaic Holdings Inc. grew its holdings in VanEck Real Assets ETF by 332.7% in the second quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock valued at $73,000 after purchasing an additional 1,810 shares during the period. Capital Investment Advisory Services LLC increased its position in shares of VanEck Real Assets ETF by 1,576.3% in the third quarter. Capital Investment Advisory Services LLC now owns 4,392 shares of the company’s stock valued at $151,000 after buying an additional 4,130 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of VanEck Real Assets ETF in the third quarter valued at approximately $223,000. Finally, Etesian Wealth Advisors Inc. acquired a new position in shares of VanEck Real Assets ETF during the 3rd quarter worth approximately $257,000.

VanEck Real Assets ETF Price Performance

Shares of NYSEARCA:RAAX opened at $40.71 on Wednesday. The business’s 50 day moving average price is $40.12 and its 200-day moving average price is $36.90. VanEck Real Assets ETF has a 1 year low of $27.05 and a 1 year high of $42.11. The firm has a market capitalization of $394.89 million, a price-to-earnings ratio of 22.21 and a beta of 0.65.

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.