Sowell Financial Services LLC Acquires New Position in VanEck Real Assets ETF $RAAX

Sowell Financial Services LLC acquired a new position in VanEck Real Assets ETF (NYSEARCA:RAAX) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 15,670 shares of the company’s stock, valued at approximately $624,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers lifted its stake 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 valued at $43,291,000 after purchasing an additional 1,013,989 shares during the last quarter. Berger Financial Group Inc acquired a new position in VanEck Real Assets ETF in the first quarter worth approximately $32,973,000. New England Private Wealth Advisors LLC increased its holdings in shares of VanEck Real Assets ETF by 14.5% in the third quarter. New England Private Wealth Advisors LLC now owns 692,344 shares of the company’s stock valued at $27,576,000 after buying an additional 87,670 shares in the last quarter. Assetmark Inc. increased its holdings in shares of VanEck Real Assets ETF by 12.8% in the first quarter. Assetmark Inc. now owns 406,755 shares of the company’s stock valued at $16,559,000 after buying an additional 46,108 shares in the last quarter. Finally, Beaumont Financial Advisors LLC increased its holdings in shares of VanEck Real Assets ETF by 87.8% in the first quarter. Beaumont Financial Advisors LLC now owns 363,123 shares of the company’s stock valued at $14,783,000 after buying an additional 169,716 shares in the last quarter.

VanEck Real Assets ETF Stock Performance

Shares of NYSEARCA:RAAX opened at $39.73 on Friday. VanEck Real Assets ETF has a one year low of $33.96 and a one year high of $42.75. The stock has a fifty day moving average of $40.95 and a 200-day moving average of $40.80. The company has a market capitalization of $1.39 billion, a PE ratio of 22.21 and a beta of 0.57.

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.