Stifel Financial Corp lifted its stake in shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX – Free Report) by 2.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,653 shares of the company’s stock after acquiring an additional 514 shares during the period. Stifel Financial Corp’s holdings in VanEck Rare Earth/Strategic Metals ETF were worth $1,091,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. CoreCap Advisors LLC purchased a new stake in VanEck Rare Earth/Strategic Metals ETF during the second quarter valued at about $1,024,000. Quadrature Capital Ltd purchased a new stake in shares of VanEck Rare Earth/Strategic Metals ETF during the 3rd quarter worth about $432,000. Vontobel Holding Ltd. grew its holdings in shares of VanEck Rare Earth/Strategic Metals ETF by 28.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 22,600 shares of the company’s stock worth $1,042,000 after purchasing an additional 5,000 shares during the period. Freemont Management S.A. increased its position in VanEck Rare Earth/Strategic Metals ETF by 19.6% during the 2nd quarter. Freemont Management S.A. now owns 29,899 shares of the company’s stock worth $1,271,000 after purchasing an additional 4,900 shares in the last quarter. Finally, City Holding Co. raised its holdings in VanEck Rare Earth/Strategic Metals ETF by 1,150.0% in the third quarter. City Holding Co. now owns 5,000 shares of the company’s stock valued at $231,000 after buying an additional 4,600 shares during the period.
VanEck Rare Earth/Strategic Metals ETF Price Performance
Shares of REMX stock opened at $40.38 on Monday. VanEck Rare Earth/Strategic Metals ETF has a fifty-two week low of $36.01 and a fifty-two week high of $62.97. The firm’s 50 day moving average price is $45.90 and its two-hundred day moving average price is $43.65. The stock has a market cap of $269.33 million, a price-to-earnings ratio of 6.14 and a beta of 1.39.
About VanEck Rare Earth/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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