Flynn Zito Capital Management LLC Takes Position in VanEck Real Assets ETF $RAAX

Flynn Zito Capital Management LLC bought a new position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) in the 1st quarter, Holdings Channel reports. The fund bought 46,572 shares of the company’s stock, valued at approximately $1,896,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RAAX. First Growth Capital LLC purchased a new stake in VanEck Real Assets ETF during the 1st quarter valued at approximately $216,000. Castleview Partners LLC grew its stake in shares of VanEck Real Assets ETF by 4.0% in the 1st quarter. Castleview Partners LLC now owns 77,570 shares of the company’s stock valued at $3,158,000 after purchasing an additional 2,957 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of VanEck Real Assets ETF by 84.8% in the first quarter. Kestra Advisory Services LLC now owns 16,601 shares of the company’s stock valued at $676,000 after purchasing an additional 7,618 shares during the period. Integrated Advisors Network LLC acquired a new position in shares of VanEck Real Assets ETF in the first quarter valued at approximately $277,000. Finally, Beacon Bank & Trust purchased a new stake in shares of VanEck Real Assets ETF during the first quarter worth approximately $356,000.

VanEck Real Assets ETF Price Performance

Shares of NYSEARCA RAAX opened at $39.85 on Wednesday. The stock has a fifty day moving average price of $40.71 and a 200 day moving average price of $40.03. VanEck Real Assets ETF has a 1-year low of $31.48 and a 1-year high of $42.75. The company has a market cap of $1.09 billion, a PE ratio of 22.21 and a beta of 0.55.

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.