VanEck Inflation Allocation ETF (NYSEARCA:RAAX) Trading Down 1.9% – Should You Sell?

Shares of VanEck Inflation Allocation ETF (NYSEARCA:RAAX) were down 1.9% on Friday . The company traded as low as $28.26 and last traded at $28.30. Approximately 14,239 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 19,369 shares. The stock had previously closed at $28.85.

VanEck Inflation Allocation ETF Stock Performance

The company’s 50-day simple moving average is $29.34 and its 200 day simple moving average is $28.57. The company has a market cap of $83.49 million, a PE ratio of 12.92 and a beta of 0.46.

Institutional Investors Weigh In On VanEck Inflation Allocation ETF

Institutional investors have recently modified their holdings of the company. Lionsbridge Wealth Management LLC raised its position in shares of VanEck Inflation Allocation ETF by 133.5% during the 3rd 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 in the last quarter. Magnus Financial Group LLC raised its holdings in VanEck Inflation Allocation ETF by 6.5% during the third quarter. Magnus Financial Group LLC now owns 36,124 shares of the company’s stock worth $1,045,000 after purchasing an additional 2,196 shares in the last quarter. Austin Wealth Management LLC boosted its holdings in shares of VanEck Inflation Allocation ETF by 4.4% in the 3rd quarter. Austin Wealth Management LLC now owns 40,064 shares of the company’s stock valued at $1,175,000 after buying an additional 1,692 shares in the last quarter. Copley Financial Group Inc. purchased a new position in shares of VanEck Inflation Allocation ETF in the 3rd quarter valued at $3,471,000. Finally, Beam Wealth Advisors Inc. acquired a new stake in VanEck Inflation Allocation ETF during the 2nd quarter worth $10,055,000.

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.