Pursuit Wealth Management LLC Makes New $758,000 Investment in VanEck Rare Earth and Strategic Metals ETF $REMX

Pursuit Wealth Management LLC bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the fourth quarter, Holdings Channel.com reports. The fund bought 10,253 shares of the company’s stock, valued at approximately $758,000.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% in the second quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock worth $10,271,000 after buying an additional 163,753 shares in the last quarter. Quadrature Capital Ltd grew its stake in VanEck Rare Earth and Strategic Metals ETF by 602.3% during the 3rd quarter. Quadrature Capital Ltd now owns 212,795 shares of the company’s stock valued at $13,993,000 after acquiring an additional 182,497 shares in the last quarter. Robinhood Asset Management LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at about $14,259,000. PFG Advisors acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter valued at about $11,005,000. Finally, Financial Sense Advisors Inc. purchased a new position in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth approximately $8,965,000.

VanEck Rare Earth and Strategic Metals ETF Price Performance

Shares of VanEck Rare Earth and Strategic Metals ETF stock opened at $97.44 on Thursday. The stock’s 50 day simple moving average is $90.99 and its 200-day simple moving average is $81.36. The stock has a market cap of $2.83 billion, a P/E ratio of 5.66 and a beta of 1.28. VanEck Rare Earth and Strategic Metals ETF has a 1-year low of $35.72 and a 1-year high of $103.68.

VanEck Rare Earth and 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.