Leo Wealth LLC Makes New Investment in VanEck Rare Earth and Strategic Metals ETF $REMX

Leo Wealth LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,533 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds have also made changes to their positions in REMX. Quadrature Capital Ltd increased its holdings in VanEck Rare Earth and Strategic Metals ETF by 602.3% in the 3rd quarter. Quadrature Capital Ltd now owns 212,795 shares of the company’s stock valued at $13,993,000 after purchasing an additional 182,497 shares in the last quarter. PFG Advisors acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the third quarter worth about $11,005,000. Bank of America Corp DE lifted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% during the second quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock worth $10,271,000 after purchasing an additional 163,753 shares in the last quarter. Financial Sense Advisors Inc. purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the third quarter worth about $8,965,000. Finally, Avalon Capital Management purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the third quarter worth about $5,911,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

REMX stock opened at $89.09 on Wednesday. The firm has a market cap 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 1 year low of $32.36 and a 1 year high of $103.68. The stock has a 50-day simple moving average of $90.24 and a 200-day simple moving average of $80.14.

About VanEck Rare Earth and Strategic Metals ETF

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.