Kingsview Wealth Management LLC Takes Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Kingsview Wealth Management LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 88,923 shares of the company’s stock, valued at approximately $6,573,000.

A number of other hedge funds have also bought and sold shares of the company. Clearstead Advisors LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at $30,000. Comerica Bank acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth about $30,000. Sound Income Strategies LLC grew its holdings in VanEck Rare Earth and Strategic Metals ETF by 856.8% during the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock worth $31,000 after acquiring an additional 377 shares during the period. AE Wealth Management LLC raised its position in shares of VanEck Rare Earth and Strategic Metals ETF by 106.9% in the 3rd quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock worth $36,000 after acquiring an additional 280 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of VanEck Rare Earth and Strategic Metals ETF by 74.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock worth $36,000 after acquiring an additional 379 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Price Performance

Shares of NYSEARCA:REMX opened at $101.50 on Friday. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $35.72 and a 1 year high of $111.55. The business’s 50-day moving average is $96.02 and its 200-day moving average is $87.67. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 5.66 and a beta of 1.33.

VanEck Rare Earth and Strategic Metals ETF Company 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.