VanEck Rare Earth and Strategic Metals ETF $REMX Position Cut by Proficio Capital Partners LLC

Proficio Capital Partners LLC reduced its holdings in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,720 shares of the company’s stock after selling 13,505 shares during the quarter. Proficio Capital Partners LLC owned 0.33% of VanEck Rare Earth and Strategic Metals ETF worth $8,471,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at $1,249,000. HighTower Advisors LLC lifted its holdings in VanEck Rare Earth and Strategic Metals ETF by 78.4% in the fourth quarter. HighTower Advisors LLC now owns 15,289 shares of the company’s stock worth $1,130,000 after purchasing an additional 6,718 shares during the period. International Assets Investment Management LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth about $881,000. Meridian Wealth Management LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth about $555,000. Finally, Bank of America Corp DE grew its position in VanEck Rare Earth and Strategic Metals ETF by 72.1% in the 1st quarter. Bank of America Corp DE now owns 427,651 shares of the company’s stock valued at $37,633,000 after buying an additional 179,182 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Trading Up 0.1%

VanEck Rare Earth and Strategic Metals ETF stock opened at $77.52 on Tuesday. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. The company’s 50-day moving average price is $77.35 and its two-hundred day moving average price is $88.83. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $57.17 and a 52 week high of $111.55.

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.