Royal Bank of Canada Increases Holdings in VanEck Rare Earth and Strategic Metals ETF $REMX

Royal Bank of Canada raised its stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 45.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,125 shares of the company’s stock after purchasing an additional 60,459 shares during the quarter. Royal Bank of Canada’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $16,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sunbelt Securities Inc. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at about $25,000. Clearstead Advisors LLC purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at approximately $30,000. Comerica Bank acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the first quarter worth $30,000. Sound Income Strategies LLC lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% during the fourth quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock worth $31,000 after purchasing an additional 377 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at $33,000.

VanEck Rare Earth and Strategic Metals ETF Trading Up 1.3%

REMX opened at $73.42 on Friday. The company has a fifty day simple moving average of $83.14 and a 200 day simple moving average of $90.39. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a twelve month low of $52.05 and a twelve month 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.