Magnus Financial Group LLC Acquires 21,470 Shares of VanEck Real Assets ETF $RAAX

Magnus Financial Group LLC increased its stake in VanEck Real Assets ETF (NYSEARCA:RAAX) by 21.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,825 shares of the company’s stock after purchasing an additional 21,470 shares during the period. Magnus Financial Group LLC owned 0.34% of VanEck Real Assets ETF worth $4,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in VanEck Real Assets ETF by 2,052.3% during the 1st quarter. Cetera Investment Advisers now owns 1,063,396 shares of the company’s stock worth $43,291,000 after purchasing an additional 1,013,989 shares during the last quarter. Berger Financial Group Inc bought a new position in shares of VanEck Real Assets ETF in the 1st quarter valued at about $32,973,000. New England Private Wealth Advisors LLC boosted its stake in shares of VanEck Real Assets ETF by 14.5% in the 3rd quarter. New England Private Wealth Advisors LLC now owns 692,344 shares of the company’s stock valued at $27,576,000 after purchasing an additional 87,670 shares during the last quarter. Assetmark Inc. boosted its stake in shares of VanEck Real Assets ETF by 12.8% in the 1st quarter. Assetmark Inc. now owns 406,755 shares of the company’s stock valued at $16,559,000 after purchasing an additional 46,108 shares during the last quarter. Finally, Beaumont Financial Advisors LLC grew its position in shares of VanEck Real Assets ETF by 87.8% during the 1st quarter. Beaumont Financial Advisors LLC now owns 363,123 shares of the company’s stock worth $14,783,000 after buying an additional 169,716 shares during the period.

VanEck Real Assets ETF Price Performance

Shares of NYSEARCA:RAAX opened at $40.38 on Thursday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 22.21 and a beta of 0.57. The company has a 50 day moving average of $41.02 and a 200-day moving average of $40.82. VanEck Real Assets ETF has a one year low of $33.96 and a one year high of $42.75.

VanEck Real Assets 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. RAAX was launched on Apr 9, 2018 and is managed by VanEck.