VanEck Real Assets ETF $RAAX Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its holdings in VanEck Real Assets ETF (NYSEARCA:RAAX) by 247,204.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,233 shares of the company’s stock after acquiring an additional 116,186 shares during the period. Royal Bank of Canada’s holdings in VanEck Real Assets ETF were worth $4,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in VanEck Real Assets ETF by 2,052.3% during the first quarter. Cetera Investment Advisers now owns 1,063,396 shares of the company’s stock worth $43,291,000 after acquiring an additional 1,013,989 shares during the last quarter. Berger Financial Group Inc acquired a new stake in shares of VanEck Real Assets ETF in the first quarter valued at approximately $32,973,000. LPL Financial LLC grew its position in shares of VanEck Real Assets ETF by 51.7% in the fourth quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock valued at $63,077,000 after purchasing an additional 615,623 shares during the last quarter. Assetmark Inc. increased its stake in shares of VanEck Real Assets ETF by 35,257.5% during the 4th quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock worth $12,597,000 after purchasing an additional 359,627 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new position in shares of VanEck Real Assets ETF during the 1st quarter worth approximately $10,703,000.

VanEck Real Assets ETF Price Performance

Shares of VanEck Real Assets ETF stock opened at $41.12 on Friday. VanEck Real Assets ETF has a 1 year low of $31.62 and a 1 year high of $42.75. The business has a 50 day moving average price of $39.90 and a 200 day moving average price of $40.56. The company has a market capitalization of $1.19 billion, a P/E ratio of 22.21 and a beta of 0.55.

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.