VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report)’s share price shot up 1% on Tuesday . The company traded as high as $71.21 and last traded at $70.97. Approximately 516,318 shares traded hands during trading, a decline of 53% from the average daily volume of 1,100,796 shares. The stock had previously closed at $70.27.
VanEck Rare Earth and Strategic Metals ETF Trading Down 2.7%
The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 5.66 and a beta of 1.32. The stock has a 50-day moving average of $73.29 and a 200-day moving average of $86.30.
Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF
Large investors have recently made changes to their positions in the company. Bleakley Financial Group LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 1st quarter valued at approximately $1,249,000. HighTower Advisors LLC grew its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 78.4% in the fourth quarter. HighTower Advisors LLC now owns 15,289 shares of the company’s stock worth $1,130,000 after purchasing an additional 6,718 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 112.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 16,959 shares of the company’s stock valued at $1,254,000 after purchasing an additional 8,975 shares in the last quarter. Bank of America Corp DE raised its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 72.1% during the first quarter. Bank of America Corp DE now owns 427,651 shares of the company’s stock valued at $37,633,000 after purchasing an additional 179,182 shares in the last quarter. Finally, Penobscot Wealth Management acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the first quarter worth about $1,149,000.
About VanEck Rare Earth and Strategic Metals ETF
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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