VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $76.65 and last traded at $73.75, with a volume of 1891888 shares trading hands. The stock had previously closed at $74.06.
VanEck Rare Earth and Strategic Metals ETF Stock Down 0.4%
The company has a market capitalization of $1.07 billion, a P/E ratio of 5.66 and a beta of 1.39. The company has a 50-day moving average of $60.28 and a two-hundred day moving average of $47.31.
Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF
Several hedge funds have recently made changes to their positions in REMX. MAI Capital Management bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the second quarter valued at approximately $30,000. Comerica Bank bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 worth $36,000 after acquiring an additional 379 shares in the last quarter. Picton Mahoney Asset Management boosted its holdings in VanEck Rare Earth and Strategic Metals ETF by 42.9% in the first quarter. Picton Mahoney Asset Management now owns 1,000 shares of the company’s stock worth $40,000 after acquiring an additional 300 shares in the last quarter. Finally, CWM LLC boosted its holdings in VanEck Rare Earth and Strategic Metals ETF by 65.4% in the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $76,000 after acquiring an additional 736 shares in the last quarter.
VanEck Rare Earth and Strategic Metals ETF Company 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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