Avantax Advisory Services Inc. Sells 344 Shares of VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Avantax Advisory Services Inc. lessened its holdings in VanEck Inflation Allocation ETF (NYSEARCA:RAAX) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,863 shares of the company’s stock after selling 344 shares during the period. Avantax Advisory Services Inc.’s holdings in VanEck Inflation Allocation ETF were worth $475,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Austin Wealth Management LLC grew its holdings in shares of VanEck Inflation Allocation ETF by 32.9% during the 4th quarter. Austin Wealth Management LLC now owns 53,257 shares of the company’s stock valued at $1,573,000 after purchasing an additional 13,193 shares during the last quarter. Beam Wealth Advisors Inc. grew its stake in shares of VanEck Inflation Allocation ETF by 32.7% during the fourth quarter. Beam Wealth Advisors Inc. now owns 504,172 shares of the company’s stock worth $14,213,000 after buying an additional 124,376 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of VanEck Inflation Allocation ETF during the fourth quarter worth $313,000. Avalon Capital Management acquired a new position in shares of VanEck Inflation Allocation ETF during the fourth quarter worth $1,921,000. Finally, Blue Trust Inc. bought a new position in shares of VanEck Inflation Allocation ETF in the 4th quarter valued at $26,000.

VanEck Inflation Allocation ETF Stock Down 0.9 %

NYSEARCA RAAX opened at $29.94 on Monday. The company has a market cap of $103.29 million, a price-to-earnings ratio of 20.67 and a beta of 0.68. VanEck Inflation Allocation ETF has a twelve month low of $26.35 and a twelve month high of $30.82. The business’s fifty day moving average is $29.58 and its 200 day moving average is $29.29.

VanEck Inflation Allocation ETF 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.