Penobscot Wealth Management acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,061 shares of the company’s stock, valued at approximately $1,149,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Comerica Bank purchased a new position in VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at approximately $30,000. Royal Bank of Canada boosted its holdings in VanEck Rare Earth and Strategic Metals ETF by 1.8% during the first quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock worth $757,000 after buying an additional 343 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in VanEck Rare Earth and Strategic Metals ETF by 74.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock valued at $36,000 after buying an additional 379 shares during the period. Jane Street Group LLC increased its holdings in VanEck Rare Earth and Strategic Metals ETF by 93.5% in the second quarter. Jane Street Group LLC now owns 73,730 shares of the company’s stock valued at $2,992,000 after buying an additional 35,635 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% during the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock worth $10,271,000 after acquiring an additional 163,753 shares in the last quarter.
VanEck Rare Earth and Strategic Metals ETF Stock Down 1.6%
NYSEARCA:REMX opened at $89.21 on Friday. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $40.24 and a 52 week high of $111.55. The stock’s 50-day moving average price is $98.23 and its 200-day moving average price is $90.88. The stock has a market capitalization of $2.58 billion, a PE 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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