Essex Financial Services Inc. Trims Stock Holdings in VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Essex Financial Services Inc. lessened its holdings in shares of VanEck Inflation Allocation ETF (NYSEARCA:RAAX) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,463 shares of the company’s stock after selling 1,160 shares during the quarter. Essex Financial Services Inc. owned 2.12% of VanEck Inflation Allocation ETF worth $1,761,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. bought a new position in shares of VanEck Inflation Allocation ETF during the fourth quarter worth about $26,000. ORG Partners LLC acquired a new stake in VanEck Inflation Allocation ETF during the fourth quarter valued at approximately $28,000. Journey Strategic Wealth LLC lifted its holdings in 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 worth $582,000 after buying an additional 3,631 shares during the last quarter. Lionsbridge Wealth Management LLC grew its position 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 acquiring an additional 17,418 shares in the last quarter. Finally, Magnus Financial Group LLC increased its holdings in shares of VanEck Inflation Allocation ETF by 1.5% in the 4th quarter. Magnus Financial Group LLC now owns 36,663 shares of the company’s stock valued at $1,034,000 after acquiring an additional 539 shares during the last quarter.

VanEck Inflation Allocation ETF Trading Up 0.1 %

RAAX stock opened at $29.97 on Wednesday. The firm has a market cap of $88.41 million, a P/E ratio of 12.92 and a beta of 0.46. The stock’s 50 day simple moving average is $29.10 and its 200 day simple moving average is $28.92. VanEck Inflation Allocation ETF has a 12-month low of $24.47 and a 12-month high of $30.82.

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.