Revere Asset Management Inc Buys New Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Revere Asset Management Inc bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,181 shares of the company’s stock, valued at approximately $1,196,000. VanEck Rare Earth and Strategic Metals ETF makes up approximately 0.4% of Revere Asset Management Inc’s holdings, making the stock its 17th largest holding. Revere Asset Management Inc owned approximately 0.06% of VanEck Rare Earth and Strategic Metals ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Clearstead Advisors LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at about $30,000. Comerica Bank acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at about $30,000. Sound Income Strategies LLC increased its position in VanEck Rare Earth and Strategic Metals ETF by 856.8% during the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after buying an additional 377 shares in the last quarter. AE Wealth Management LLC increased its position in VanEck Rare Earth and Strategic Metals ETF by 106.9% during the 3rd quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock valued at $36,000 after buying an additional 280 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in VanEck Rare Earth and Strategic Metals ETF by 74.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock valued at $36,000 after buying an additional 379 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Price Performance

Shares of NYSEARCA:REMX opened at $96.82 on Tuesday. The business’s 50-day moving average is $95.44 and its 200 day moving average is $86.92. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $35.72 and a 1 year high of $111.55. The firm has a market capitalization of $2.80 billion, a P/E ratio of 5.66 and a beta of 1.33.

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.