VanEck Inflation Allocation ETF (NYSEARCA:RAAX) Shares Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC increased its position in shares of VanEck Inflation Allocation ETF (NYSEARCA:RAAX) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 36,663 shares of the company’s stock after purchasing an additional 539 shares during the period. Magnus Financial Group LLC’s holdings in VanEck Inflation Allocation ETF were worth $1,034,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RAAX. ORG Partners LLC purchased a new stake in shares of VanEck Inflation Allocation ETF in the fourth quarter valued at approximately $28,000. Lionsbridge Wealth Management LLC boosted its stake in VanEck Inflation Allocation ETF by 133.5% during the third quarter. Lionsbridge Wealth Management LLC now owns 30,467 shares of the company’s stock worth $882,000 after buying an additional 17,418 shares during the last quarter. Austin Wealth Management LLC grew its holdings in VanEck Inflation Allocation ETF by 4.4% in the 3rd quarter. Austin Wealth Management LLC now owns 40,064 shares of the company’s stock valued at $1,175,000 after buying an additional 1,692 shares in the last quarter. Copley Financial Group Inc. acquired a new stake in shares of VanEck Inflation Allocation ETF in the 3rd quarter worth $3,471,000. Finally, Beam Wealth Advisors Inc. raised its holdings in shares of VanEck Inflation Allocation ETF by 2.9% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 379,796 shares of the company’s stock worth $10,991,000 after acquiring an additional 10,734 shares during the period.

VanEck Inflation Allocation ETF Trading Down 0.5 %

Shares of RAAX opened at $29.63 on Thursday. VanEck Inflation Allocation ETF has a 12-month low of $24.47 and a 12-month high of $30.82. The firm has a market capitalization of $87.41 million, a P/E ratio of 12.92 and a beta of 0.46. The firm has a 50-day moving average price of $29.19 and a 200 day moving average price of $28.73.

VanEck Inflation Allocation ETF Company 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.