Entrewealth LLC Acquires New Position in VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Entrewealth LLC bought a new position in VanEck Inflation Allocation ETF (NYSEARCA:RAAX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,118 shares of the company’s stock, valued at approximately $266,000. Entrewealth LLC owned approximately 0.31% of VanEck Inflation Allocation ETF as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RAAX. Austin Wealth Management LLC lifted its stake in shares of VanEck Inflation Allocation ETF by 32.9% in the 4th quarter. Austin Wealth Management LLC now owns 53,257 shares of the company’s stock valued at $1,573,000 after purchasing an additional 13,193 shares during the last quarter. Beam Wealth Advisors Inc. increased its position in shares of VanEck Inflation Allocation ETF by 32.7% during the fourth quarter. Beam Wealth Advisors Inc. now owns 504,172 shares of the company’s stock valued at $14,213,000 after purchasing an additional 124,376 shares during the period. Raymond James Financial Inc. bought a new position in shares of VanEck Inflation Allocation ETF during the 4th quarter worth about $313,000. Avalon Capital Management bought a new position in VanEck Inflation Allocation ETF during the fourth quarter worth about $1,921,000. Finally, Blue Trust Inc. bought a new stake in shares of VanEck Inflation Allocation ETF in the 4th quarter worth about $26,000.

VanEck Inflation Allocation ETF Stock Performance

Shares of RAAX opened at $29.88 on Tuesday. The stock has a fifty day moving average price of $29.46 and a two-hundred day moving average price of $29.23. VanEck Inflation Allocation ETF has a 52-week low of $26.25 and a 52-week high of $30.82. The company has a market cap of $103.09 million, a price-to-earnings ratio of 20.67 and a beta of 0.68.

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.