Miracle Mile Advisors LLC Has $2.98 Million Stock Position in VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Miracle Mile Advisors LLC reduced its position in VanEck Inflation Allocation ETF (NYSEARCA:RAAX) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,650 shares of the company’s stock after selling 2,494 shares during the period. Miracle Mile Advisors LLC owned about 3.58% of VanEck Inflation Allocation ETF worth $2,978,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC acquired a new position in VanEck Inflation Allocation ETF in the fourth quarter worth approximately $28,000. Copley Financial Group Inc. acquired a new position in shares of VanEck Inflation Allocation ETF during the 3rd quarter worth $3,471,000. Beam Wealth Advisors Inc. raised its holdings in shares of VanEck Inflation Allocation ETF by 2.9% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 379,796 shares of the company’s stock valued at $10,991,000 after purchasing an additional 10,734 shares in the last quarter. Lionsbridge Wealth Management LLC lifted its stake 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 valued at $882,000 after purchasing an additional 17,418 shares during the last quarter. Finally, Austin Wealth Management LLC boosted its holdings in VanEck Inflation Allocation ETF by 4.4% in the third 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.

VanEck Inflation Allocation ETF Price Performance

NYSEARCA RAAX opened at $28.75 on Tuesday. The firm has a market cap of $84.81 million, a P/E ratio of 12.92 and a beta of 0.46. The stock’s 50-day moving average is $29.24 and its two-hundred day moving average is $28.63. VanEck Inflation Allocation ETF has a fifty-two week low of $24.42 and a fifty-two week high of $30.82.

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.