International Assets Investment Management LLC Invests $881,000 in VanEck Rare Earth and Strategic Metals ETF $REMX

International Assets Investment Management LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 11,920 shares of the company’s stock, valued at approximately $881,000.

Several other institutional investors have also modified their holdings of REMX. Comerica Bank purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth $30,000. Sound Income Strategies LLC lifted its position in VanEck Rare Earth and Strategic Metals ETF by 856.8% in the fourth quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after acquiring an additional 377 shares during the last quarter. AE Wealth Management LLC lifted its position in VanEck Rare Earth and Strategic Metals ETF by 106.9% in the third quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock valued at $36,000 after acquiring an additional 280 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in VanEck Rare Earth and Strategic Metals ETF by 74.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock valued at $36,000 after acquiring an additional 379 shares during the last quarter. Finally, Spire Wealth Management purchased a new stake in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at $40,000.

VanEck Rare Earth and Strategic Metals ETF Price Performance

Shares of REMX opened at $106.38 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 stock has a market cap of $3.08 billion, a PE ratio of 5.66 and a beta of 1.33. The firm has a fifty day moving average price of $94.67 and a 200 day moving average price of $84.36.

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.