VanEck Inflation Allocation ETF (NYSEARCA:RAAX) Trading 1.3% Higher

VanEck Inflation Allocation ETF (NYSEARCA:RAAX)’s share price traded up 1.3% during trading on Tuesday . The stock traded as high as $29.37 and last traded at $29.33. 9,810 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 23,091 shares. The stock had previously closed at $28.94.

VanEck Inflation Allocation ETF Stock Performance

The stock’s fifty day simple moving average is $27.97 and its two-hundred day simple moving average is $27.51. The company has a market capitalization of $86.52 million, a price-to-earnings ratio of 12.92 and a beta of 0.46.

Institutional Trading of VanEck Inflation Allocation ETF

A number of large investors have recently added to or reduced their stakes in the business. FAS Wealth Partners Inc. increased its holdings in shares of VanEck Inflation Allocation ETF by 48.6% in the second quarter. FAS Wealth Partners Inc. now owns 6,249 shares of the company’s stock valued at $170,000 after buying an additional 2,045 shares in the last quarter. Lionsbridge Wealth Management LLC acquired a new position in shares of VanEck Inflation Allocation ETF in the 2nd quarter worth $356,000. Worth Asset Management LLC acquired a new stake in shares of VanEck Inflation Allocation ETF during the second quarter worth $492,000. Magnus Financial Group LLC lifted its holdings in shares of VanEck Inflation Allocation ETF by 10.7% during the second quarter. Magnus Financial Group LLC now owns 33,928 shares of the company’s stock valued at $924,000 after purchasing an additional 3,269 shares during the last quarter. Finally, Austin Wealth Management LLC boosted its position in shares of VanEck Inflation Allocation ETF by 31.0% in the 1st quarter. Austin Wealth Management LLC now owns 34,705 shares of the company’s stock valued at $960,000 after purchasing an additional 8,216 shares during the period.

VanEck Inflation Allocation 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.