VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $88.65 and last traded at $88.58, with a volume of 452627 shares changing hands. The stock had previously closed at $84.98.
VanEck Rare Earth and Strategic Metals ETF Stock Up 2.4%
The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41. The company has a 50-day moving average price of $73.82 and a 200 day moving average price of $64.63.
Institutional Trading of VanEck Rare Earth and Strategic Metals ETF
Several institutional investors have recently made changes to their positions in REMX. Farther Finance Advisors LLC increased its position in VanEck Rare Earth and Strategic Metals ETF by 1,596.2% during the second quarter. Farther Finance Advisors LLC now owns 3,613 shares of the company’s stock worth $147,000 after buying an additional 3,400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter worth about $126,000. Flow Traders U.S. LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter valued at about $930,000. Avalon Capital Management bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter valued at approximately $5,911,000. Finally, Ashford Capital Management Inc. bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 2nd quarter valued at approximately $2,691,000.
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.
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