Echo45 Advisors LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 23,492 shares of the company’s stock, valued at approximately $1,737,000. VanEck Rare Earth and Strategic Metals ETF makes up 1.0% of Echo45 Advisors LLC’s holdings, making the stock its 29th largest holding.
A number of other hedge funds have also bought and sold shares of REMX. Comerica Bank purchased a new position in VanEck Rare Earth and Strategic Metals ETF in the 1st quarter valued at approximately $30,000. Sound Income Strategies LLC grew its stake in VanEck Rare Earth and Strategic Metals ETF by 856.8% in the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after buying an additional 377 shares in the last quarter. AE Wealth Management LLC grew its stake in VanEck Rare Earth and Strategic Metals ETF by 106.9% in the 3rd quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock valued at $36,000 after buying an additional 280 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in VanEck Rare Earth and Strategic Metals ETF by 74.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock valued at $36,000 after buying an additional 379 shares in the last quarter. Finally, Spire Wealth Management purchased a new position in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at approximately $40,000.
VanEck Rare Earth and Strategic Metals ETF Trading Up 0.5%
VanEck Rare Earth and Strategic Metals ETF stock opened at $95.70 on Friday. VanEck Rare Earth and Strategic Metals ETF has a 1-year low of $35.72 and a 1-year high of $111.55. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 5.66 and a beta of 1.33. The firm has a 50 day simple moving average of $95.39 and a 200 day simple moving average of $86.47.
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.
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