Wealth Management Partners LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) during the first quarter, Holdings Channel reports. The institutional investor acquired 21,540 shares of the company’s stock, valued at approximately $1,896,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in REMX. LPL Financial LLC boosted its holdings in 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 purchasing an additional 328,393 shares during the last quarter. Quadrature Capital Ltd increased its stake in VanEck Rare Earth and Strategic Metals ETF by 104.2% in the 4th quarter. Quadrature Capital Ltd now owns 434,493 shares of the company’s stock valued at $32,118,000 after buying an additional 221,698 shares during the last quarter. Bank of America Corp DE increased its stake in VanEck Rare Earth and Strategic Metals ETF by 183.3% in the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after buying an additional 163,753 shares during the last quarter. Wells Fargo & Company MN lifted its position in VanEck Rare Earth and Strategic Metals ETF by 99.1% during the 4th 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 in the last quarter. Finally, UBS Group AG lifted its position in VanEck Rare Earth and Strategic Metals ETF by 191.1% during the 4th 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 in the last quarter.
VanEck Rare Earth and Strategic Metals ETF Price Performance
VanEck Rare Earth and Strategic Metals ETF stock opened at $91.82 on Wednesday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 5.66 and a beta of 1.29. The firm has a 50-day moving average of $98.59 and a 200-day moving average of $90.62. VanEck Rare Earth and Strategic Metals ETF has a one year low of $39.45 and a one year high of $111.55.
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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