VanEck Inflation Allocation ETF (NYSEARCA:RAAX) Stock Price Down 1.9% – Here’s Why

VanEck Inflation Allocation ETF (NYSEARCA:RAAX)’s share price dropped 1.9% on Friday . The stock traded as low as $28.26 and last traded at $28.30. Approximately 14,239 shares traded hands during trading, a decline of 26% from the average daily volume of 19,369 shares. The stock had previously closed at $28.85.

VanEck Inflation Allocation ETF Trading Down 1.9 %

The company has a fifty day simple moving average of $29.34 and a 200-day simple moving average of $28.57. The company has a market capitalization of $83.49 million, a PE ratio of 12.92 and a beta of 0.46.

Institutional Trading of VanEck Inflation Allocation ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RAAX. Lionsbridge Wealth Management LLC raised 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 during the period. Magnus Financial Group LLC increased its holdings in VanEck Inflation Allocation ETF by 6.5% in the 3rd quarter. Magnus Financial Group LLC now owns 36,124 shares of the company’s stock valued at $1,045,000 after purchasing an additional 2,196 shares during the last quarter. Austin Wealth Management LLC raised its position in VanEck Inflation Allocation ETF by 4.4% in the third quarter. Austin Wealth Management LLC now owns 40,064 shares of the company’s stock valued at $1,175,000 after purchasing an additional 1,692 shares during the period. Copley Financial Group Inc. acquired a new position in VanEck Inflation Allocation ETF during the third quarter worth $3,471,000. Finally, Beam Wealth Advisors Inc. purchased a new position in shares of VanEck Inflation Allocation ETF during the second quarter worth $10,055,000.

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.