Beam Wealth Advisors Inc. Takes Position in VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Beam Wealth Advisors Inc. purchased a new stake in shares of VanEck Inflation Allocation ETF (NYSEARCA:RAAX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 369,062 shares of the company’s stock, valued at approximately $10,055,000. VanEck Inflation Allocation ETF accounts for approximately 3.3% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 6th largest holding. Beam Wealth Advisors Inc. owned approximately 0.13% of VanEck Inflation Allocation ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RAAX. Benedetti & Gucer Inc. boosted its position in shares of VanEck Inflation Allocation ETF by 7.9% during the 1st quarter. Benedetti & Gucer Inc. now owns 359,046 shares of the company’s stock valued at $9,730,000 after acquiring an additional 26,149 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in VanEck Inflation Allocation ETF by 14.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 159,967 shares of the company’s stock worth $4,335,000 after buying an additional 19,916 shares in the last quarter. Essex Financial Services Inc. lifted its position in shares of VanEck Inflation Allocation ETF by 13.4% during the second quarter. Essex Financial Services Inc. now owns 64,656 shares of the company’s stock worth $1,762,000 after purchasing an additional 7,615 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of VanEck Inflation Allocation ETF by 8.3% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 38,041 shares of the company’s stock valued at $1,036,000 after buying an additional 2,919 shares during the period. Finally, Austin Wealth Management LLC raised its position in shares of VanEck Inflation Allocation ETF by 31.0% during the first quarter. Austin Wealth Management LLC now owns 34,705 shares of the company’s stock worth $960,000 after acquiring an additional 8,216 shares during the last quarter.

VanEck Inflation Allocation ETF Price Performance

Shares of NYSEARCA RAAX opened at $27.59 on Tuesday. VanEck Inflation Allocation ETF has a fifty-two week low of $24.27 and a fifty-two week high of $28.54. The firm has a market capitalization of $81.39 million, a P/E ratio of 12.92 and a beta of 0.46. The company’s 50 day simple moving average is $27.72 and its 200 day simple moving average is $27.21.

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.