VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $60.97, but opened at $58.80. VanEck Rare Earth and Strategic Metals ETF shares last traded at $58.3170, with a volume of 144,455 shares traded.
VanEck Rare Earth and Strategic Metals ETF Stock Down 1.3%
The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. The firm has a 50 day moving average price of $71.55 and a two-hundred day moving average price of $83.69.
Hedge Funds Weigh In On VanEck Rare Earth and Strategic Metals ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abound Wealth Management bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter worth about $25,000. NBH Bank acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter worth $25,000. Capital Analysts LLC grew its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 94.4% during the second quarter. Capital Analysts LLC now owns 348 shares of the company’s stock worth $31,000 after purchasing an additional 169 shares during the period. Consultiva Wealth Management CORP. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth $37,000. Finally, Sound Income Strategies LLC increased its holdings in VanEck Rare Earth and Strategic Metals ETF by 49.6% in the first quarter. Sound Income Strategies LLC now owns 630 shares of the company’s stock valued at $56,000 after purchasing an additional 209 shares during the last quarter.
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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