Sterling Investment Advisors Ltd. raised its position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) by 30.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,655 shares of the company’s stock after purchasing an additional 12,145 shares during the period. Sterling Investment Advisors Ltd.’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $4,634,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of REMX. Sigma Planning Corp acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the first quarter valued at approximately $229,000. Bleakley Financial Group LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the first quarter worth approximately $1,249,000. HBW Advisory Services LLC grew its holdings in VanEck Rare Earth and Strategic Metals ETF by 10.0% in the 1st quarter. HBW Advisory Services LLC now owns 54,765 shares of the company’s stock worth $4,819,000 after buying an additional 4,962 shares in the last quarter. Fifth Third Bancorp bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 1st quarter worth approximately $1,336,000. Finally, Sovran Advisors LLC increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 511.0% during the 1st quarter. Sovran Advisors LLC now owns 18,447 shares of the company’s stock valued at $1,623,000 after purchasing an additional 15,428 shares during the period.
VanEck Rare Earth and Strategic Metals ETF Stock Performance
REMX opened at $79.14 on Wednesday. The company has a market capitalization of $2.38 billion, a PE ratio of 5.66 and a beta of 1.31. The stock’s fifty day moving average is $93.60 and its 200-day moving average is $91.81. VanEck Rare Earth and Strategic Metals ETF has a one year low of $46.90 and a one year high of $111.55.
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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