Cetera Investment Advisers lifted its position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) by 30.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 81,410 shares of the company’s stock after acquiring an additional 19,051 shares during the period. Cetera Investment Advisers’ holdings in VanEck Rare Earth and Strategic Metals ETF were worth $7,164,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in REMX. Sunbelt Securities Inc. purchased a new position in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $25,000. Clearstead Advisors LLC purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at $30,000. Comerica Bank bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at $30,000. Sound Income Strategies LLC boosted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% in the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock worth $31,000 after buying an additional 377 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth $33,000.
VanEck Rare Earth and Strategic Metals ETF Price Performance
Shares of REMX opened at $65.97 on Friday. The firm has a market capitalization of $1.93 billion, a P/E ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a one year low of $48.46 and a one year high of $111.55. The business has a fifty day moving average of $85.35 and a 200 day moving average of $90.91.
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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