MGO One Seven LLC Makes New Investment in VanEck Rare Earth and Strategic Metals ETF $REMX

MGO One Seven LLC bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,764 shares of the company’s stock, valued at approximately $648,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in VanEck Rare Earth and Strategic Metals ETF by 183.3% during 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 last quarter. UBS Group AG increased its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 191.1% during the fourth quarter. UBS Group AG now owns 213,309 shares of the company’s stock worth $15,768,000 after buying an additional 140,044 shares in the last quarter. Quadrature Capital Ltd increased 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 buying an additional 182,497 shares in the last quarter. CapWealth Advisors LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth $14,415,000. Finally, Robinhood Asset Management LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth $14,259,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of NYSEARCA:REMX opened at $106.26 on Thursday. The company has a fifty day moving average of $95.30 and a 200-day moving average of $85.41. The company has a market capitalization of $3.07 billion, a PE ratio of 5.66 and a beta of 1.33. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $35.72 and a 52-week 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.