Tcfg Wealth Management LLC reduced its position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) by 20.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,297 shares of the company’s stock after selling 6,990 shares during the period. VanEck Rare Earth and Strategic Metals ETF makes up approximately 0.9% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 24th biggest position. Tcfg Wealth Management LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $2,402,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REMX. Picton Mahoney Asset Management lifted its stake in VanEck Rare Earth and Strategic Metals ETF by 30.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 1,300 shares of the company’s stock valued at $86,000 after purchasing an additional 300 shares during the last quarter. Moneco Advisors LLC increased its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 1.4% during the fourth quarter. Moneco Advisors LLC now owns 23,325 shares of the company’s stock worth $1,724,000 after buying an additional 325 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 6.2% in the 3rd quarter. Advisory Services Network LLC now owns 5,733 shares of the company’s stock valued at $377,000 after acquiring an additional 337 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at $25,000. Finally, Royal Bank of Canada grew its position in VanEck Rare Earth and Strategic Metals ETF by 1.8% during the 1st quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock worth $757,000 after acquiring an additional 343 shares during the last quarter.
VanEck Rare Earth and Strategic Metals ETF Stock Up 2.5%
Shares of REMX opened at $88.50 on Wednesday. The stock has a market cap of $2.56 billion, a PE ratio of 5.66 and a beta of 1.29. VanEck Rare Earth and Strategic Metals ETF has a 12-month low of $40.27 and a 12-month high of $111.55. The business has a 50-day simple moving average of $97.42 and a two-hundred day simple moving average of $91.16.
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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