Robinhood Asset Management LLC Invests $14.26 Million in VanEck Rare Earth and Strategic Metals ETF $REMX

Robinhood Asset Management LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 192,903 shares of the company’s stock, valued at approximately $14,259,000. VanEck Rare Earth and Strategic Metals ETF makes up 1.1% of Robinhood Asset Management LLC’s holdings, making the stock its 19th largest holding. Robinhood Asset Management LLC owned 0.78% of VanEck Rare Earth and Strategic Metals ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% in the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after acquiring an additional 163,753 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 602.3% during the third quarter. Quadrature Capital Ltd now owns 212,795 shares of the company’s stock worth $13,993,000 after purchasing an additional 182,497 shares in the last quarter. PFG Advisors bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the third quarter worth approximately $11,005,000. Financial Sense Advisors Inc. bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the third quarter worth approximately $8,965,000. Finally, Avalon Capital Management bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the third quarter valued at approximately $5,911,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

VanEck Rare Earth and Strategic Metals ETF stock opened at $88.44 on Tuesday. VanEck Rare Earth and Strategic Metals ETF has a fifty-two week low of $32.36 and a fifty-two week high of $103.68. The stock has a market cap of $2.62 billion, a P/E ratio of 5.66 and a beta of 1.41. The firm’s fifty day moving average price is $90.41 and its 200-day moving average price is $79.95.

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.