Sowell Financial Services LLC Purchases Shares of 26,745 VanEck Rare Earth and Strategic Metals ETF $REMX

Sowell Financial Services LLC purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,745 shares of the company’s stock, valued at approximately $1,977,000. Sowell Financial Services LLC owned approximately 0.11% of VanEck Rare Earth and Strategic Metals ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compound Planning Inc. bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the 3rd quarter valued at $549,000. Flow Traders U.S. LLC bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter worth approximately $930,000. Avalon Capital Management bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the 3rd quarter worth approximately $5,911,000. Florin Court Capital LLP bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the 3rd quarter worth approximately $770,000. Finally, Ashford Capital Management Inc. bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter worth approximately $2,691,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of REMX opened at $89.09 on Wednesday. The stock has a 50 day moving average price of $90.24 and a two-hundred day moving average price of $80.14. The firm has a market capitalization of $2.59 billion, a P/E ratio of 5.66 and a beta of 1.28. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $32.36 and a 52 week high of $103.68.

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.