29,899 Shares in VanEck Rare Earth and Strategic Metals ETF $REMX Purchased by Freemont Management S.A.

Freemont Management S.A. acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,899 shares of the company’s stock, valued at approximately $1,921,000. VanEck Rare Earth and Strategic Metals ETF accounts for about 1.8% of Freemont Management S.A.’s holdings, making the stock its 8th biggest position. Freemont Management S.A. owned about 0.11% of VanEck Rare Earth and Strategic Metals ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. NBH Bank bought a new position in VanEck Rare Earth and Strategic Metals ETF during the second quarter worth $25,000. Abound Wealth Management bought a new stake in VanEck Rare Earth and Strategic Metals ETF in the second quarter valued at $25,000. Capital Analysts LLC increased its stake in VanEck Rare Earth and Strategic Metals ETF by 94.4% in the second quarter. Capital Analysts LLC now owns 348 shares of the company’s stock valued at $31,000 after purchasing an additional 169 shares in the last quarter. Signaturefd LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the third quarter valued at about $35,000. Finally, Latitude Advisors LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the third quarter valued at about $41,000.

VanEck Rare Earth and Strategic Metals ETF Price Performance

REMX stock opened at $50.53 on Friday. The company’s 50-day moving average is $63.24 and its 200-day moving average is $82.70. The stock has a market capitalization of $1.45 billion, a PE ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $49.35 and a 1 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.