VanEck Rare Earth and Strategic Metals ETF $REMX Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $1,928,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Renaissancere Holdings Ltd. acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 1st quarter worth about $46,905,000. CapWealth Advisors LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the third quarter valued at approximately $12,679,000. Bank of America Corp DE lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 72.1% in the first quarter. Bank of America Corp DE now owns 427,651 shares of the company’s stock valued at $37,633,000 after acquiring an additional 179,182 shares in the last quarter. Royal Bank of Canada lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 45.6% in the first quarter. Royal Bank of Canada now owns 193,125 shares of the company’s stock valued at $16,995,000 after acquiring an additional 60,459 shares in the last quarter. Finally, S. R. Schill & Associates purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the first quarter valued at approximately $5,262,000.

VanEck Rare Earth and Strategic Metals ETF Price Performance

Shares of NYSEARCA:REMX opened at $51.40 on Friday. The business’s 50 day moving average price is $62.68 and its 200-day moving average price is $82.51. The firm has a market capitalization of $1.46 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 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.