VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Reaches New 52-Week High – Here’s What Happened

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMXGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $102.59 and last traded at $102.20, with a volume of 692616 shares. The stock had previously closed at $99.86.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

The stock has a market cap of $3.04 billion, a P/E ratio of 5.66 and a beta of 1.41. The firm’s fifty day simple moving average is $87.20 and its 200-day simple moving average is $74.46.

Institutional Trading of VanEck Rare Earth and Strategic Metals ETF

A number of large investors have recently bought and sold shares of the business. Comerica Bank bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 1st quarter worth about $30,000. Royal Bank of Canada lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 1.8% during the 1st quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock valued at $757,000 after acquiring an additional 343 shares during the period. CWM LLC boosted its stake in VanEck Rare Earth and Strategic Metals ETF by 65.4% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $76,000 after acquiring an additional 736 shares in the last quarter. Simplex Trading LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the second quarter worth $87,000. Finally, Cetera Investment Advisers raised its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 16.7% during the second quarter. Cetera Investment Advisers now owns 22,679 shares of the company’s stock valued at $920,000 after purchasing an additional 3,250 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Company Profile

(Get Free Report)

The VanEck Rare Earth\u002FStrategic Metals ETF (REMX) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of global companies that mine, refine, or recycle rare earth and strategic metals. REMX was launched on Oct 27, 2010 and is managed by VanEck.

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