VanEck Inflation Allocation ETF (NYSEARCA:RAAX) Stake Raised by LPL Financial LLC

LPL Financial LLC lifted its holdings in shares of VanEck Inflation Allocation ETF (NYSEARCA:RAAX) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 417,772 shares of the company’s stock after buying an additional 44,397 shares during the period. LPL Financial LLC owned approximately 14.16% of VanEck Inflation Allocation ETF worth $11,777,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RAAX. Beam Wealth Advisors Inc. grew its stake in shares of VanEck Inflation Allocation ETF by 32.7% in the fourth quarter. Beam Wealth Advisors Inc. now owns 504,172 shares of the company’s stock worth $14,213,000 after purchasing an additional 124,376 shares in the last quarter. Copley Financial Group Inc. acquired a new stake in VanEck Inflation Allocation ETF in the third quarter worth about $3,471,000. Avalon Capital Management bought a new position in VanEck Inflation Allocation ETF in the 4th quarter valued at about $1,921,000. Virtu Financial LLC acquired a new position in VanEck Inflation Allocation ETF during the 4th quarter valued at about $1,452,000. Finally, Austin Wealth Management LLC raised its position in shares of VanEck Inflation Allocation ETF by 32.9% during the 4th quarter. Austin Wealth Management LLC now owns 53,257 shares of the company’s stock worth $1,573,000 after buying an additional 13,193 shares in the last quarter.

VanEck Inflation Allocation ETF Price Performance

VanEck Inflation Allocation ETF stock opened at $30.75 on Thursday. VanEck Inflation Allocation ETF has a 12-month low of $26.58 and a 12-month high of $30.82. The stock has a market capitalization of $106.09 million, a PE ratio of 21.43 and a beta of 0.68. The firm has a 50 day simple moving average of $29.74 and a 200-day simple moving average of $29.43.

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.