Janney Montgomery Scott LLC lifted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) by 174.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 17,564 shares of the company’s stock after buying an additional 11,162 shares during the period. Janney Montgomery Scott LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $1,546,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth $25,000. Clearstead Advisors LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at about $30,000. Sound Income Strategies LLC lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% in the fourth 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. Hazlett Burt & Watson Inc. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth about $33,000. Finally, Consultiva Wealth Management CORP. bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth about $37,000.
VanEck Rare Earth and Strategic Metals ETF Stock Performance
Shares of NYSEARCA REMX opened at $79.76 on Friday. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. The business’s 50-day simple moving average is $94.67 and its 200-day simple moving average is $91.66. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $46.30 and a 52 week 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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