Avalon Capital Management Invests $1.92 Million in VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Avalon Capital Management purchased a new stake in VanEck Inflation Allocation ETF (NYSEARCA:RAAX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,132 shares of the company’s stock, valued at approximately $1,921,000.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. purchased a new position in shares of VanEck Inflation Allocation ETF during the fourth quarter worth approximately $26,000. ORG Partners LLC purchased a new position in shares of VanEck Inflation Allocation ETF during the fourth quarter worth approximately $28,000. Journey Strategic Wealth LLC grew its position in shares of VanEck Inflation Allocation ETF by 21.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 20,629 shares of the company’s stock worth $582,000 after acquiring an additional 3,631 shares during the last quarter. Lionsbridge Wealth Management LLC grew its position in shares of 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 acquiring an additional 17,418 shares during the last quarter. Finally, Magnus Financial Group LLC grew its position in shares of VanEck Inflation Allocation ETF by 1.5% during the fourth quarter. Magnus Financial Group LLC now owns 36,663 shares of the company’s stock worth $1,034,000 after acquiring an additional 539 shares during the last quarter.

VanEck Inflation Allocation ETF Trading Down 0.1 %

Shares of RAAX opened at $29.78 on Tuesday. The company’s 50 day simple moving average is $29.18 and its 200-day simple moving average is $29.08. VanEck Inflation Allocation ETF has a 12-month low of $24.81 and a 12-month high of $30.82. The firm has a market cap of $102.15 million, a PE ratio of 20.19 and a beta of 0.70.

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.