Fortis Group Advisors LLC Lowers Stock Holdings in VanEck Rare Earth and Strategic Metals ETF $REMX

Fortis Group Advisors LLC decreased its position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 23.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,176 shares of the company’s stock after selling 5,958 shares during the period. Fortis Group Advisors LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $1,417,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% during the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after buying an additional 163,753 shares in the last quarter. UBS Group AG lifted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 191.1% during the 4th quarter. UBS Group AG now owns 213,309 shares of the company’s stock valued at $15,768,000 after buying an additional 140,044 shares in the last quarter. Quadrature Capital Ltd lifted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 602.3% during the 3rd quarter. Quadrature Capital Ltd now owns 212,795 shares of the company’s stock valued at $13,993,000 after buying an additional 182,497 shares in the last quarter. CapWealth Advisors LLC purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at $14,415,000. Finally, Robinhood Asset Management LLC purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at $14,259,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

REMX opened at $95.18 on Thursday. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 5.66 and a beta of 1.33. VanEck Rare Earth and Strategic Metals ETF has a fifty-two week low of $35.72 and a fifty-two week high of $111.55. The firm’s fifty day moving average is $95.40 and its 200 day moving average is $86.30.

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.