VanEck Inflation Allocation ETF (NYSEARCA:RAAX) Stock Price Up 1.3%

VanEck Inflation Allocation ETF (NYSEARCA:RAAX) rose 1.3% during mid-day trading on Tuesday . The stock traded as high as $29.37 and last traded at $29.33. Approximately 9,810 shares were traded during trading, a decline of 58% from the average daily volume of 23,091 shares. The stock had previously closed at $28.94.

VanEck Inflation Allocation ETF Stock Performance

The company has a market cap of $86.52 million, a P/E ratio of 12.92 and a beta of 0.46. The business has a fifty day simple moving average of $27.97 and a 200 day simple moving average of $27.51.

Hedge Funds Weigh In On VanEck Inflation Allocation ETF

Large investors have recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. raised its holdings in shares of VanEck Inflation Allocation ETF by 48.6% during the second quarter. FAS Wealth Partners Inc. now owns 6,249 shares of the company’s stock worth $170,000 after purchasing an additional 2,045 shares during the period. Lionsbridge Wealth Management LLC acquired a new stake in VanEck Inflation Allocation ETF during the second quarter worth about $356,000. Worth Asset Management LLC bought a new position in VanEck Inflation Allocation ETF in the second quarter worth about $492,000. Magnus Financial Group LLC boosted its stake in VanEck Inflation Allocation ETF by 10.7% in the second quarter. Magnus Financial Group LLC now owns 33,928 shares of the company’s stock valued at $924,000 after acquiring an additional 3,269 shares during the period. Finally, Austin Wealth Management LLC boosted its stake in VanEck Inflation Allocation ETF by 31.0% in the first quarter. Austin Wealth Management LLC now owns 34,705 shares of the company’s stock valued at $960,000 after acquiring an additional 8,216 shares during the period.

About VanEck Inflation Allocation 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.