Capital Investment Advisors LLC Sells 700 Shares of VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Capital Investment Advisors LLC reduced its holdings in VanEck Inflation Allocation ETF (NYSEARCA:RAAX) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,329 shares of the company’s stock after selling 700 shares during the quarter. Capital Investment Advisors LLC owned 0.79% of VanEck Inflation Allocation ETF worth $658,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in shares of VanEck Inflation Allocation ETF in the 4th quarter worth about $28,000. 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 worth $1,175,000 after purchasing an additional 1,692 shares in the last quarter. Magnus Financial Group LLC boosted its holdings in shares of VanEck Inflation Allocation ETF by 6.5% in the 3rd 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. Beam Wealth Advisors Inc. boosted its holdings in shares of VanEck Inflation Allocation ETF by 2.9% in the 3rd quarter. Beam Wealth Advisors Inc. now owns 379,796 shares of the company’s stock worth $10,991,000 after purchasing an additional 10,734 shares in the last quarter. Finally, Lionsbridge Wealth Management LLC boosted its holdings in shares of VanEck Inflation Allocation ETF by 133.5% in the 3rd quarter. Lionsbridge Wealth Management LLC now owns 30,467 shares of the company’s stock worth $882,000 after purchasing an additional 17,418 shares in the last quarter.

VanEck Inflation Allocation ETF Trading Up 1.0 %

RAAX opened at $29.33 on Thursday. The stock has a 50-day moving average price of $29.22 and a 200-day moving average price of $28.65. VanEck Inflation Allocation ETF has a 12-month low of $24.42 and a 12-month high of $30.82. The stock has a market capitalization of $86.52 million, a P/E ratio of 12.92 and a beta of 0.46.

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.