VanEck Rare Earth and Strategic Metals ETF $REMX Position Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 334.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,201 shares of the company’s stock after acquiring an additional 27,866 shares during the quarter. Sanctuary Advisors LLC owned 0.13% of VanEck Rare Earth and Strategic Metals ETF worth $3,186,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 121.6% in the fourth quarter. LPL Financial LLC now owns 598,454 shares of the company’s stock worth $44,238,000 after purchasing an additional 328,393 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 104.2% during the fourth quarter. Quadrature Capital Ltd now owns 434,493 shares of the company’s stock valued at $32,118,000 after purchasing an additional 221,698 shares in the last quarter. Bank of America Corp DE lifted its holdings in VanEck Rare Earth and Strategic Metals ETF by 183.3% in the second quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock worth $10,271,000 after purchasing an additional 163,753 shares during the period. Wells Fargo & Company MN grew its position in VanEck Rare Earth and Strategic Metals ETF by 99.1% in the 4th quarter. Wells Fargo & Company MN now owns 234,514 shares of the company’s stock valued at $17,335,000 after buying an additional 116,710 shares in the last quarter. Finally, UBS Group AG grew its position in VanEck Rare Earth and Strategic Metals ETF by 191.1% in the 4th quarter. UBS Group AG now owns 213,309 shares of the company’s stock valued at $15,768,000 after buying an additional 140,044 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Trading Down 3.9%

VanEck Rare Earth and Strategic Metals ETF stock opened at $69.85 on Tuesday. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $48.46 and a 52 week high of $111.55. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. The company’s 50-day moving average price is $90.81 and its two-hundred day moving average price is $91.75.

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.