Mascagni Wealth Management Inc. Takes Position in VanEck Real Assets ETF $RAAX

Mascagni Wealth Management Inc. bought a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,738 shares of the company’s stock, valued at approximately $681,000. Mascagni Wealth Management Inc. owned approximately 0.08% of VanEck Real Assets ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RAAX. Assetmark Inc. increased its holdings in shares of VanEck Real Assets ETF by 35,257.5% in the 4th quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock worth $12,597,000 after buying an additional 359,627 shares during the last quarter. Visionary Horizons LLC purchased a new stake in shares of VanEck Real Assets ETF during the 4th quarter valued at about $1,169,000. ProCore Advisors LLC bought a new position in shares of VanEck Real Assets ETF in the 4th quarter valued at about $578,000. Beaumont Financial Advisors LLC bought a new position in shares of VanEck Real Assets ETF in the 4th quarter valued at about $6,756,000. Finally, Echo45 Advisors LLC bought a new position in shares of VanEck Real Assets ETF in the 4th quarter valued at about $829,000.

VanEck Real Assets ETF Trading Up 1.7%

RAAX opened at $39.49 on Friday. The stock has a 50-day moving average of $40.11 and a 200 day moving average of $40.36. VanEck Real Assets ETF has a 12 month low of $31.48 and a 12 month high of $42.75. The firm has a market cap of $1.14 billion, a P/E ratio of 22.21 and a beta of 0.55.

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.