Commonwealth Equity Services LLC lowered its position in shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX – Free Report) by 29.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,650 shares of the company’s stock after selling 6,047 shares during the quarter. Commonwealth Equity Services LLC’s holdings in VanEck Rare Earth/Strategic Metals ETF were worth $571,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in VanEck Rare Earth/Strategic Metals ETF in the fourth quarter worth about $88,000. Quadrature Capital Ltd bought a new position in shares of VanEck Rare Earth/Strategic Metals ETF in the 3rd quarter valued at about $432,000. Hansen & Associates Financial Group Inc. bought a new position in shares of VanEck Rare Earth/Strategic Metals ETF in the 4th quarter valued at about $491,000. Raymond James Financial Inc. acquired a new stake in shares of VanEck Rare Earth/Strategic Metals ETF during the 4th quarter worth approximately $493,000. Finally, 3EDGE Asset Management LP bought a new stake in shares of VanEck Rare Earth/Strategic Metals ETF during the fourth quarter worth approximately $508,000.
VanEck Rare Earth/Strategic Metals ETF Stock Performance
Shares of REMX stock opened at $34.66 on Friday. The firm’s 50 day moving average price is $41.11 and its two-hundred day moving average price is $43.20. VanEck Rare Earth/Strategic Metals ETF has a 52-week low of $33.95 and a 52-week high of $57.05. The stock has a market cap of $219.05 million, a PE ratio of 21.56 and a beta of 1.38.
VanEck Rare Earth/Strategic Metals ETF 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.
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