Reyes Financial Architecture Inc. Acquires Shares of 47,453 VanEck Rare Earth and Strategic Metals ETF $REMX

Reyes Financial Architecture Inc. acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 47,453 shares of the company’s stock, valued at approximately $3,123,000. VanEck Rare Earth and Strategic Metals ETF makes up 2.1% of Reyes Financial Architecture Inc.’s holdings, making the stock its 11th biggest holding. Reyes Financial Architecture Inc. owned 0.25% of VanEck Rare Earth and Strategic Metals ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in REMX. Bank of America Corp DE increased its holdings in VanEck Rare Earth and Strategic Metals ETF by 183.3% in the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock worth $10,271,000 after acquiring an additional 163,753 shares in the last quarter. Avalon Capital Management purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the third quarter worth about $5,911,000. Ashford Capital Management Inc. purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the second quarter worth about $2,691,000. SG Americas Securities LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 3rd quarter worth about $3,384,000. Finally, Jane Street Group LLC lifted its stake in VanEck Rare Earth and Strategic Metals ETF by 93.5% in the 2nd quarter. Jane Street Group LLC now owns 73,730 shares of the company’s stock valued at $2,992,000 after buying an additional 35,635 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Trading Up 3.1%

REMX stock opened at $97.86 on Thursday. VanEck Rare Earth and Strategic Metals ETF has a 12-month low of $32.36 and a 12-month high of $103.68. The business’s 50-day moving average is $88.62 and its 200 day moving average is $75.20. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41.

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.