Wealth Management Partners LLC Buys Shares of 21,540 VanEck Rare Earth and Strategic Metals ETF $REMX

Wealth Management Partners LLC purchased a new position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,540 shares of the company’s stock, valued at approximately $1,896,000. Wealth Management Partners LLC owned approximately 0.07% of VanEck Rare Earth and Strategic Metals ETF at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Comerica Bank acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 1st quarter valued at approximately $30,000. Royal Bank of Canada raised its holdings in VanEck Rare Earth and Strategic Metals ETF by 1.8% during the 1st quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock worth $757,000 after buying an additional 343 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $36,000 after buying an additional 379 shares in the last quarter. Jane Street Group LLC lifted its stake in VanEck Rare Earth and Strategic Metals ETF by 93.5% in the second quarter. Jane Street Group LLC now owns 73,730 shares of the company’s stock valued at $2,992,000 after buying an additional 35,635 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings 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 valued at $10,271,000 after buying an additional 163,753 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Price Performance

REMX opened at $91.82 on Wednesday. The business’s 50-day moving average price is $98.59 and its two-hundred day moving average price is $90.62. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $39.45 and a 1 year high of $111.55. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 5.66 and a beta of 1.29.

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.