VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Unusually-High Trading Volume – Here’s Why

VanEck Real Assets ETF (NYSEARCA:RAAX) shares saw unusually-strong trading volume on Friday. Approximately 1,154,903 shares were traded during trading, an increase of 317% from the average daily volume of 276,801 shares. The stock last traded at $38.2360 and had previously closed at $38.21.

VanEck Real Assets ETF Stock Up 0.1%

The firm has a 50 day simple moving average of $40.55 and a 200-day simple moving average of $40.56. The stock has a market cap of $1.37 billion, a P/E ratio of 22.21 and a beta of 0.55.

Hedge Funds Weigh In On VanEck Real Assets ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Collaborative Wealth Managment Inc. grew its holdings in VanEck Real Assets ETF by 9.9% during the 3rd quarter. Collaborative Wealth Managment Inc. now owns 36,932 shares of the company’s stock worth $1,471,000 after acquiring an additional 3,336 shares during the last quarter. Jacobi Capital Management LLC bought a new position in shares of VanEck Real Assets ETF during the third quarter valued at $98,000. Cornerstone Wealth Management LLC raised its stake in shares of VanEck Real Assets ETF by 1.8% during the third quarter. Cornerstone Wealth Management LLC now owns 44,818 shares of the company’s stock valued at $1,785,000 after acquiring an additional 774 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its stake in shares of VanEck Real Assets ETF by 5.2% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 23,705 shares of the company’s stock valued at $944,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Flynn Zito Capital Management LLC lifted its holdings in shares of VanEck Real Assets ETF by 3.2% during the third quarter. Flynn Zito Capital Management LLC now owns 56,593 shares of the company’s stock worth $2,254,000 after purchasing an additional 1,742 shares during the period.

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.