Austin Wealth Management LLC Raises Holdings in VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Austin Wealth Management LLC grew its position in shares of VanEck Inflation Allocation ETF (NYSEARCA:RAAX) by 32.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 53,257 shares of the company’s stock after purchasing an additional 13,193 shares during the quarter. Austin Wealth Management LLC’s holdings in VanEck Inflation Allocation ETF were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Copley Financial Group Inc. bought a new position in VanEck Inflation Allocation ETF in the 3rd quarter worth about $3,471,000. ORG Partners LLC bought a new position in shares of VanEck Inflation Allocation ETF during the 4th quarter valued at about $28,000. Magnus Financial Group LLC increased its position in shares of VanEck Inflation Allocation ETF by 1.5% during the 4th quarter. Magnus Financial Group LLC now owns 36,663 shares of the company’s stock valued at $1,034,000 after purchasing an additional 539 shares during the last quarter. Blue Trust Inc. bought a new position in shares of VanEck Inflation Allocation ETF during the 4th quarter valued at about $26,000. Finally, Journey Strategic Wealth LLC increased its position in shares of VanEck Inflation Allocation ETF by 21.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 20,629 shares of the company’s stock valued at $582,000 after purchasing an additional 3,631 shares during the last quarter.

VanEck Inflation Allocation ETF Price Performance

Shares of RAAX stock opened at $29.15 on Wednesday. VanEck Inflation Allocation ETF has a 1-year low of $25.86 and a 1-year high of $30.82. The stock has a market capitalization of $100.57 million, a PE ratio of 20.67 and a beta of 0.68. The business has a 50-day moving average of $29.35 and a 200 day moving average of $29.19.

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.