VanEck Real Assets ETF (NYSEARCA:RAAX) Hits New 52-Week High – Time to Buy?

VanEck Real Assets ETF (NYSEARCA:RAAX) hit a new 52-week high during trading on Tuesday . The company traded as high as $42.71 and last traded at $42.70, with a volume of 476301 shares trading hands. The stock had previously closed at $42.05.

VanEck Real Assets ETF Price Performance

The business has a 50 day simple moving average of $41.20 and a 200 day simple moving average of $38.36. The stock has a market cap of $903.33 million, a PE ratio of 22.21 and a beta of 0.56.

Institutional Trading of VanEck Real Assets ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Prevail Innovative Wealth Advisors LLC lifted its position in shares of VanEck Real Assets ETF by 1.4% in the third quarter. Prevail Innovative Wealth Advisors LLC now owns 26,169 shares of the company’s stock worth $902,000 after buying an additional 373 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of VanEck Real Assets ETF by 3.9% in the third quarter. Stratos Wealth Partners LTD. now owns 12,052 shares of the company’s stock worth $415,000 after buying an additional 450 shares during the last quarter. Etesian Wealth Advisors Inc. lifted its position in shares of VanEck Real Assets ETF by 10.4% in the first quarter. Etesian Wealth Advisors Inc. now owns 7,135 shares of the company’s stock worth $290,000 after buying an additional 671 shares during the last quarter. Equitable Holdings Inc. lifted its position in shares of VanEck Real Assets ETF by 4.6% in the fourth quarter. Equitable Holdings Inc. now owns 15,776 shares of the company’s stock worth $551,000 after buying an additional 693 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of VanEck Real Assets ETF by 12.9% in the fourth quarter. Kestra Advisory Services LLC now owns 8,983 shares of the company’s stock worth $314,000 after buying an additional 1,025 shares during the last quarter.

About VanEck Real Assets ETF

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.