Worth Asset Management LLC Purchases Shares of 11,742 VanEck Real Assets ETF $RAAX

Worth Asset Management LLC purchased a new position in VanEck Real Assets ETF (NYSEARCA:RAAX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,742 shares of the company’s stock, valued at approximately $365,000.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in shares of VanEck Real Assets ETF by 11.0% during the first quarter. LPL Financial LLC now owns 463,901 shares of the company’s stock worth $14,114,000 after purchasing an additional 46,129 shares during the period. Jane Street Group LLC bought a new position in VanEck Real Assets ETF during the 4th quarter valued at approximately $772,000. Accurate Wealth Management LLC purchased a new stake in VanEck Real Assets ETF in the 1st quarter worth approximately $401,000. Beam Wealth Advisors Inc. lifted its holdings in VanEck Real Assets ETF by 4.8% in the 1st quarter. Beam Wealth Advisors Inc. now owns 528,237 shares of the company’s stock worth $16,072,000 after buying an additional 24,065 shares during the period. Finally, Magnus Financial Group LLC grew its position in shares of VanEck Real Assets ETF by 8.0% in the 1st quarter. Magnus Financial Group LLC now owns 39,578 shares of the company’s stock worth $1,204,000 after buying an additional 2,915 shares during the last quarter.

VanEck Real Assets ETF Stock Performance

RAAX opened at $33.55 on Friday. The stock has a market capitalization of $140.24 million, a PE ratio of 22.21 and a beta of 0.65. The stock’s 50 day moving average price is $32.45 and its 200-day moving average price is $31.03. VanEck Real Assets ETF has a 52-week low of $27.05 and a 52-week high of $33.84.

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.