VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report) hit a new 52-week low during trading on Monday. The stock traded as low as $50.62 and last traded at $51.85, with a volume of 662,950 shares. The stock had previously closed at $51.46.
VanEck Rare Earth and Strategic Metals ETF Price Performance
The firm has a market cap of $1.49 billion, a PE ratio of 5.66 and a beta of 1.31. The company’s 50 day moving average price is $67.94 and its 200 day moving average price is $81.79.
Hedge Funds Weigh In On VanEck Rare Earth and Strategic Metals ETF
A number of large investors have recently modified their holdings of the company. Leo Wealth LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF in the third quarter valued at approximately $306,000. Apollon Wealth Management LLC boosted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 228.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 20,059 shares of the company’s stock worth $1,289,000 after acquiring an additional 13,948 shares in the last quarter. Bright Futures Wealth Management LLC. raised its stake in VanEck Rare Earth and Strategic Metals ETF by 27.0% during the 3rd quarter. Bright Futures Wealth Management LLC. now owns 4,913 shares of the company’s stock valued at $316,000 after purchasing an additional 1,043 shares during the last quarter. Valley National Advisers Inc. bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter valued at approximately $310,000. Finally, Signaturefd LLC bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the third quarter worth about $35,000.
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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