VanEck Inflation Allocation ETF (NYSEARCA:RAAX – Get Free Report)’s share price fell 1.1% during mid-day trading on Monday . The company traded as low as $29.79 and last traded at $29.87. 7,680 shares traded hands during trading, a decline of 64% from the average session volume of 21,467 shares. The stock had previously closed at $30.21.
VanEck Inflation Allocation ETF Price Performance
The stock has a market cap of $88.13 million, a price-to-earnings ratio of 12.92 and a beta of 0.46. The firm’s fifty day moving average price is $29.56 and its two-hundred day moving average price is $28.29.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. increased its holdings in shares of VanEck Inflation Allocation ETF by 48.6% during the second quarter. FAS Wealth Partners Inc. now owns 6,249 shares of the company’s stock valued at $170,000 after acquiring an additional 2,045 shares in the last quarter. Lionsbridge Wealth Management LLC bought a new stake in VanEck Inflation Allocation ETF during the 2nd quarter valued at $356,000. Worth Asset Management LLC acquired a new position in VanEck Inflation Allocation ETF during the second quarter worth $492,000. Magnus Financial Group LLC lifted its stake in shares of VanEck Inflation Allocation ETF by 10.7% in the second quarter. Magnus Financial Group LLC now owns 33,928 shares of the company’s stock valued at $924,000 after buying an additional 3,269 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of VanEck Inflation Allocation ETF by 8.3% during the second quarter. Atria Wealth Solutions Inc. now owns 38,041 shares of the company’s stock valued at $1,036,000 after buying an additional 2,919 shares during the last quarter.
About VanEck Inflation Allocation 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.
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