Asset One Wealth Management LLC purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 94,551 shares of the company’s stock, valued at approximately $6,989,000. VanEck Rare Earth and Strategic Metals ETF comprises approximately 1.0% of Asset One Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Asset One Wealth Management LLC owned about 0.32% of VanEck Rare Earth and Strategic Metals ETF at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC grew its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 121.6% during the fourth quarter. LPL Financial LLC now owns 598,454 shares of the company’s stock worth $44,238,000 after buying an additional 328,393 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% during the second quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock worth $10,271,000 after buying an additional 163,753 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 99.1% during the fourth quarter. Wells Fargo & Company MN now owns 234,514 shares of the company’s stock worth $17,335,000 after buying an additional 116,710 shares during the last quarter. UBS Group AG grew its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 191.1% during the fourth quarter. UBS Group AG now owns 213,309 shares of the company’s stock worth $15,768,000 after buying an additional 140,044 shares during the last quarter. Finally, Quadrature Capital Ltd grew its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 602.3% during the third quarter. Quadrature Capital Ltd now owns 212,795 shares of the company’s stock worth $13,993,000 after buying an additional 182,497 shares during the last quarter.
VanEck Rare Earth and Strategic Metals ETF Stock Down 0.8%
NYSEARCA REMX opened at $96.04 on Thursday. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $38.35 and a 52-week high of $111.55. The business’s 50-day moving average price is $98.40 and its 200 day moving average price is $90.02. The firm has a market cap of $2.78 billion, a P/E ratio of 5.66 and a beta of 1.29.
VanEck Rare Earth and Strategic Metals ETF Company Profile
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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