Meridian Wealth Management LLC Buys New Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Meridian Wealth Management LLC bought a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,504 shares of the company’s stock, valued at approximately $555,000.

A number of other hedge funds also recently added to or reduced their stakes in REMX. CapWealth Advisors LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth approximately $14,415,000. Robinhood Asset Management LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth approximately $14,259,000. Quadrature Capital Ltd lifted its position in 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 worth $13,993,000 after acquiring an additional 182,497 shares during the period. PFG Advisors acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the 3rd quarter worth approximately $11,005,000. Finally, Bank of America Corp DE lifted its position in 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 worth $10,271,000 after acquiring an additional 163,753 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Trading Down 6.0%

VanEck Rare Earth and Strategic Metals ETF stock opened at $99.85 on Friday. VanEck Rare Earth and Strategic Metals ETF has a twelve month low of $35.72 and a twelve month high of $111.55. The stock has a 50 day moving average of $95.40 and a two-hundred day moving average of $85.59. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 5.66 and a beta of 1.33.

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.