International Assets Investment Management LLC Makes New $1.16 Million Investment in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX)

International Assets Investment Management LLC acquired a new stake in shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,773 shares of the company’s stock, valued at approximately $1,155,000. International Assets Investment Management LLC owned 0.26% of VanEck Rare Earth/Strategic Metals ETF at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of REMX. Vontobel Holding Ltd. raised its stake in shares of VanEck Rare Earth/Strategic Metals ETF by 32.3% in the third quarter. Vontobel Holding Ltd. now owns 13,896 shares of the company’s stock valued at $922,000 after acquiring an additional 3,396 shares during the period. Private Wealth Advisors LLC purchased a new stake in VanEck Rare Earth/Strategic Metals ETF in the 3rd quarter worth about $2,707,000. Walkner Condon Financial Advisors LLC lifted its stake in VanEck Rare Earth/Strategic Metals ETF by 9.1% in the third quarter. Walkner Condon Financial Advisors LLC now owns 25,975 shares of the company’s stock worth $1,723,000 after purchasing an additional 2,160 shares during the last quarter. Bridge Advisory LLC boosted its position in shares of VanEck Rare Earth/Strategic Metals ETF by 16.9% during the third quarter. Bridge Advisory LLC now owns 24,374 shares of the company’s stock valued at $1,617,000 after buying an additional 3,531 shares during the period. Finally, Sheets Smith Wealth Management bought a new position in shares of VanEck Rare Earth/Strategic Metals ETF during the third quarter valued at approximately $79,000.

VanEck Rare Earth/Strategic Metals ETF Stock Performance

Shares of REMX stock opened at $49.65 on Tuesday. The stock has a 50 day moving average price of $51.06 and a 200 day moving average price of $54.55. VanEck Rare Earth/Strategic Metals ETF has a 52-week low of $44.02 and a 52-week high of $88.48. The firm has a market capitalization of $326.20 million, a P/E ratio of 6.10 and a beta of 1.43.

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.