Sovran Advisors LLC boosted its stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) by 511.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,447 shares of the company’s stock after buying an additional 15,428 shares during the quarter. Sovran Advisors LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $1,623,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of REMX. Wealthcare Capital Partners LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at $480,000. Leo Wealth LLC bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth about $483,000. Sowell Financial Services LLC purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth about $1,977,000. HighTower Advisors LLC boosted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 78.4% during the 4th quarter. HighTower Advisors LLC now owns 15,289 shares of the company’s stock worth $1,130,000 after purchasing an additional 6,718 shares during the period. Finally, RIA Advisory Group LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at about $459,000.
VanEck Rare Earth and Strategic Metals ETF Price Performance
VanEck Rare Earth and Strategic Metals ETF stock opened at $79.76 on Monday. VanEck Rare Earth and Strategic Metals ETF has a 1-year low of $46.30 and a 1-year high of $111.55. The firm has a market capitalization of $2.40 billion, a P/E ratio of 5.66 and a beta of 1.31. The company’s 50-day moving average is $94.67 and its 200 day moving average is $91.78.
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.
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