Copley Financial Group Inc. Purchases New Stake in VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Copley Financial Group Inc. purchased a new stake in VanEck Inflation Allocation ETF (NYSEARCA:RAAX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 119,936 shares of the company’s stock, valued at approximately $3,471,000. VanEck Inflation Allocation ETF accounts for 3.2% of Copley Financial Group Inc.’s portfolio, making the stock its 9th largest position.

A number of other large investors have also added to or reduced their stakes in the business. Beam Wealth Advisors Inc. acquired a new position in VanEck Inflation Allocation ETF in the 2nd quarter valued at $10,055,000. Lionsbridge Wealth Management LLC grew its holdings in VanEck Inflation Allocation ETF by 133.5% in the 3rd quarter. Lionsbridge Wealth Management LLC now owns 30,467 shares of the company’s stock valued at $882,000 after buying an additional 17,418 shares in the last quarter. Essex Financial Services Inc. grew its holdings in shares of VanEck Inflation Allocation ETF by 13.4% during the 2nd quarter. Essex Financial Services Inc. now owns 64,656 shares of the company’s stock worth $1,762,000 after purchasing an additional 7,615 shares in the last quarter. Magnus Financial Group LLC grew its holdings in shares of VanEck Inflation Allocation ETF by 10.7% during the 2nd quarter. Magnus Financial Group LLC now owns 33,928 shares of the company’s stock worth $924,000 after purchasing an additional 3,269 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of VanEck Inflation Allocation ETF by 8.3% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 38,041 shares of the company’s stock worth $1,036,000 after purchasing an additional 2,919 shares in the last quarter.

VanEck Inflation Allocation ETF Stock Down 1.0 %

Shares of RAAX traded down $0.30 during trading hours on Friday, hitting $29.47. 6,754 shares of the company were exchanged, compared to its average volume of 22,609. The firm’s fifty day moving average is $29.66 and its 200 day moving average is $28.41. The company has a market cap of $86.94 million, a price-to-earnings ratio of 12.92 and a beta of 0.46. VanEck Inflation Allocation ETF has a fifty-two week low of $24.42 and a fifty-two week high of $30.82.

VanEck Inflation Allocation 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.