Group One Trading LLC Purchases New Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Group One Trading LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the first quarter, according to its most recent filing with the SEC. The fund acquired 35,075 shares of the company’s stock, valued at approximately $3,087,000. Group One Trading LLC owned approximately 0.12% of VanEck Rare Earth and Strategic Metals ETF at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in REMX. LPL Financial LLC boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 121.6% in the fourth quarter. LPL Financial LLC now owns 598,454 shares of the company’s stock worth $44,238,000 after acquiring an additional 328,393 shares during the period. Quadrature Capital Ltd raised its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 104.2% during the 4th quarter. Quadrature Capital Ltd now owns 434,493 shares of the company’s stock valued at $32,118,000 after purchasing an additional 221,698 shares during the period. Bank of America Corp DE lifted its holdings 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 purchasing an additional 163,753 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in VanEck Rare Earth and Strategic Metals ETF by 99.1% during the 4th quarter. Wells Fargo & Company MN now owns 234,514 shares of the company’s stock worth $17,335,000 after purchasing an additional 116,710 shares in the last quarter. Finally, UBS Group AG boosted its stake in VanEck Rare Earth and Strategic Metals ETF by 191.1% in the 4th quarter. UBS Group AG now owns 213,309 shares of the company’s stock worth $15,768,000 after purchasing an additional 140,044 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Stock Down 1.4%

REMX stock opened at $70.96 on Thursday. The firm has a market capitalization of $2.13 billion, a PE ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a twelve month low of $48.46 and a twelve month high of $111.55. The stock has a 50-day simple moving average of $89.39 and a two-hundred day simple moving average of $91.72.

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.