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

Miracle Mile Advisors LLC trimmed its position in shares of VanEck Inflation Allocation ETF (NYSEARCA:RAAX) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,650 shares of the company’s stock after selling 2,494 shares during the period. Miracle Mile Advisors LLC’s holdings in VanEck Inflation Allocation ETF were worth $2,978,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RAAX. Copley Financial Group Inc. bought a new stake in shares of VanEck Inflation Allocation ETF during the third quarter valued at approximately $3,471,000. Lionsbridge Wealth Management LLC boosted its stake in VanEck Inflation Allocation ETF by 133.5% during the third quarter. Lionsbridge Wealth Management LLC now owns 30,467 shares of the company’s stock worth $882,000 after buying an additional 17,418 shares in the last quarter. Beam Wealth Advisors Inc. increased its holdings in 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 valued at $10,991,000 after buying an additional 10,734 shares during the period. Magnus Financial Group LLC raised its stake 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 valued at $1,045,000 after buying an additional 2,196 shares in the last quarter. Finally, Austin Wealth Management LLC lifted its holdings in shares of VanEck Inflation Allocation ETF by 4.4% during the 3rd quarter. Austin Wealth Management LLC now owns 40,064 shares of the company’s stock worth $1,175,000 after acquiring an additional 1,692 shares during the period.

VanEck Inflation Allocation ETF Stock Up 0.6 %

NYSEARCA RAAX opened at $28.75 on Tuesday. VanEck Inflation Allocation ETF has a twelve month low of $24.42 and a twelve month high of $30.82. The stock has a market cap of $84.81 million, a P/E ratio of 12.92 and a beta of 0.46. The company’s 50-day simple moving average is $29.24 and its 200 day simple moving average is $28.63.

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.