Lake Hills Wealth Management LLC Acquires Shares of 31,015 VanEck Rare Earth and Strategic Metals ETF $REMX

Lake Hills Wealth Management LLC bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,015 shares of the company’s stock, valued at approximately $2,293,000. VanEck Rare Earth and Strategic Metals ETF comprises approximately 1.2% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 18th biggest position. Lake Hills Wealth Management LLC owned approximately 0.14% of VanEck Rare Earth and Strategic Metals ETF at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Compound Planning Inc. bought a new position in VanEck Rare Earth and Strategic Metals ETF in the third quarter valued at approximately $549,000. Flow Traders U.S. LLC bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 2nd quarter worth $930,000. Avalon Capital Management acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the third quarter worth $5,911,000. Florin Court Capital LLP acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the third quarter worth $770,000. Finally, Ashford Capital Management Inc. bought a new stake in VanEck Rare Earth and Strategic Metals ETF in the second quarter valued at about $2,691,000.

VanEck Rare Earth and Strategic Metals ETF Trading Down 4.6%

Shares of REMX opened at $79.10 on Friday. The stock has a market cap of $2.33 billion, a P/E ratio of 5.66 and a beta of 1.41. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $32.36 and a 1 year high of $103.68. The stock’s 50-day moving average price is $91.51 and its two-hundred day moving average price is $77.63.

VanEck Rare Earth and Strategic Metals ETF 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.