Principle Wealth Partners LLC Has $1.33 Million Stock Position in VanEck Real Assets ETF $RAAX

Principle Wealth Partners LLC boosted its position in shares of VanEck Real Assets ETF (NYSEARCA:RAAX) by 402.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 38,078 shares of the company’s stock after purchasing an additional 30,498 shares during the period. Principle Wealth Partners LLC’s holdings in VanEck Real Assets ETF were worth $1,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RAAX. Raymond James Financial Inc. acquired a new stake in VanEck Real Assets ETF during the second quarter valued at $262,000. Jane Street Group LLC acquired a new stake in shares of VanEck Real Assets ETF in the second quarter worth about $1,163,000. Prevail Innovative Wealth Advisors LLC lifted its position in shares of VanEck Real Assets ETF by 27.2% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 25,796 shares of the company’s stock worth $801,000 after buying an additional 5,522 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of VanEck Real Assets ETF by 332.7% in the second quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock worth $73,000 after buying an additional 1,810 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of VanEck Real Assets ETF in the third quarter worth about $286,000.

VanEck Real Assets ETF Price Performance

Shares of NYSEARCA:RAAX opened at $41.65 on Friday. VanEck Real Assets ETF has a fifty-two week low of $30.14 and a fifty-two week high of $42.75. The business has a 50-day moving average of $41.30 and a two-hundred day moving average of $38.69. The stock has a market capitalization of $887.15 million, a P/E ratio of 22.21 and a beta of 0.56.

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.