RIA Advisory Group LLC Acquires New Shares in VanEck Rare Earth and Strategic Metals ETF $REMX

RIA Advisory Group LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,209 shares of the company’s stock, valued at approximately $459,000.

Several other institutional investors also recently modified their holdings of the business. Bank of America Corp DE boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% during the second quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after buying an additional 163,753 shares during the last quarter. UBS Group AG lifted its holdings in VanEck Rare Earth and Strategic Metals ETF by 191.1% in the fourth quarter. UBS Group AG now owns 213,309 shares of the company’s stock valued at $15,768,000 after acquiring an additional 140,044 shares during the period. Quadrature Capital Ltd lifted its holdings in VanEck Rare Earth and Strategic Metals ETF by 602.3% in the third 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 during the period. CapWealth Advisors LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at about $14,415,000. Finally, Robinhood Asset Management LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at about $14,259,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

REMX stock opened at $106.52 on Friday. VanEck Rare Earth and Strategic Metals ETF has a fifty-two week low of $35.72 and a fifty-two week high of $106.94. The business’s 50-day moving average is $93.78 and its two-hundred day moving average is $83.65. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 5.66 and a beta of 1.33.

About VanEck Rare Earth and 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.