VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report) rose 1% during trading on Tuesday . The company traded as high as $71.21 and last traded at $70.97. 516,318 shares were traded during trading, a decline of 53% from the average daily volume of 1,100,796 shares. The stock had previously closed at $70.27.
VanEck Rare Earth and Strategic Metals ETF Price Performance
The stock has a market capitalization of $2.04 billion, a PE ratio of 5.66 and a beta of 1.32. The firm’s 50 day simple moving average is $73.45 and its 200 day simple moving average is $86.47.
Hedge Funds Weigh In On VanEck Rare Earth and Strategic Metals ETF
A number of large investors have recently added to or reduced their stakes in the business. Renaissancere Holdings Ltd. purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at about $46,905,000. Bank of America Corp DE lifted its stake in shares of 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 acquiring an additional 179,182 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 45.6% in the 1st quarter. Royal Bank of Canada now owns 193,125 shares of the company’s stock valued at $16,995,000 after acquiring an additional 60,459 shares during the last quarter. Chicago Wealth Management Inc. lifted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 1.4% in the 4th quarter. Chicago Wealth Management Inc. now owns 148,718 shares of the company’s stock valued at $10,993,000 after acquiring an additional 1,987 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in VanEck Rare Earth and Strategic Metals ETF by 9.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 114,439 shares of the company’s stock valued at $10,128,000 after acquiring an additional 9,898 shares during the period.
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.
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