VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $62.31 and last traded at $62.5870, with a volume of 168412 shares. The stock had previously closed at $64.26.
VanEck Rare Earth and Strategic Metals ETF Trading Down 2.8%
The business’s 50-day simple moving average is $72.66 and its two-hundred day simple moving average is $85.26. The company has a market capitalization of $1.79 billion, a PE ratio of 5.66 and a beta of 1.32.
Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF
A number of hedge funds have recently bought and sold shares of the business. Renaissancere Holdings Ltd. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 1st quarter valued at about $46,905,000. Bank of America Corp DE grew its stake in VanEck Rare Earth and Strategic Metals ETF by 72.1% in the first quarter. Bank of America Corp DE now owns 427,651 shares of the company’s stock worth $37,633,000 after purchasing an additional 179,182 shares in the last quarter. Asset One Wealth Management LLC bought a new stake in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at about $6,989,000. Royal Bank of Canada increased its holdings in VanEck Rare Earth and Strategic Metals ETF by 45.6% in the first quarter. Royal Bank of Canada now owns 193,125 shares of the company’s stock valued at $16,995,000 after buying an additional 60,459 shares during the last quarter. Finally, S. R. Schill & Associates acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at approximately $5,262,000.
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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