Copley Financial Group Inc. Invests $3.47 Million in VanEck Inflation Allocation ETF (NYSEARCA:RAAX)

Copley Financial Group Inc. acquired a new position in VanEck Inflation Allocation ETF (NYSEARCA:RAAX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 119,936 shares of the company’s stock, valued at approximately $3,471,000. VanEck Inflation Allocation ETF comprises approximately 3.2% of Copley Financial Group Inc.’s portfolio, making the stock its 9th largest position. Copley Financial Group Inc. owned approximately 4.07% of VanEck Inflation Allocation ETF at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. lifted its holdings in shares of VanEck Inflation Allocation ETF by 8.3% during the second quarter. Atria Wealth Solutions Inc. now owns 38,041 shares of the company’s stock valued at $1,036,000 after acquiring an additional 2,919 shares during the period. Beam Wealth Advisors Inc. bought a new position in shares of VanEck Inflation Allocation ETF in the second quarter valued at about $10,055,000. Essex Financial Services Inc. raised its holdings in shares of VanEck Inflation Allocation ETF by 13.4% in the second quarter. Essex Financial Services Inc. now owns 64,656 shares of the company’s stock valued at $1,762,000 after buying an additional 7,615 shares during the last quarter. FAS Wealth Partners Inc. raised its holdings in shares of VanEck Inflation Allocation ETF by 48.6% in the second quarter. FAS Wealth Partners Inc. now owns 6,249 shares of the company’s stock valued at $170,000 after buying an additional 2,045 shares during the last quarter. Finally, Lionsbridge Wealth Management LLC raised its holdings in shares of VanEck Inflation Allocation ETF by 133.5% in the third quarter. Lionsbridge Wealth Management LLC now owns 30,467 shares of the company’s stock valued at $882,000 after buying an additional 17,418 shares during the last quarter.

VanEck Inflation Allocation ETF Trading Down 1.0 %

Shares of VanEck Inflation Allocation ETF stock traded down $0.30 during trading on Friday, reaching $29.47. The company’s stock had a trading volume of 6,754 shares, compared to its average volume of 22,609. The stock has a 50-day moving average price of $29.66 and a two-hundred day moving average price of $28.41. VanEck Inflation Allocation ETF has a one year low of $24.42 and a one year high of $30.82. The stock has a market capitalization of $86.94 million, a P/E ratio of 12.92 and a beta of 0.46.

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.