Ashford Capital Management Inc. Has $3.87 Million Holdings in VanEck Rare Earth and Strategic Metals ETF $REMX

Ashford Capital Management Inc. decreased its position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 14.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,970 shares of the company’s stock after selling 7,623 shares during the quarter. Ashford Capital Management Inc.’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $3,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC raised its position in shares of VanEck Rare Earth and Strategic Metals ETF by 121.6% during the fourth quarter. LPL Financial LLC now owns 598,454 shares of the company’s stock worth $44,238,000 after purchasing an additional 328,393 shares during the period. Renaissancere Holdings Ltd. acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 1st quarter valued at $46,905,000. Quadrature Capital Ltd increased its stake in VanEck Rare Earth and Strategic Metals ETF by 104.2% during the 4th quarter. Quadrature Capital Ltd now owns 434,493 shares of the company’s stock valued at $32,118,000 after purchasing an additional 221,698 shares in the last quarter. Bank of America Corp DE increased its stake in VanEck Rare Earth and Strategic Metals ETF by 183.3% during the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after purchasing an additional 163,753 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in VanEck Rare Earth and Strategic Metals ETF by 99.1% during the fourth quarter. Wells Fargo & Company MN now owns 234,514 shares of the company’s stock worth $17,335,000 after buying an additional 116,710 shares during the last quarter.

VanEck Rare Earth and Strategic Metals ETF Price Performance

NYSEARCA:REMX opened at $68.72 on Tuesday. VanEck Rare Earth and Strategic Metals ETF has a one year low of $48.46 and a one year high of $111.55. The company has a market cap of $2.03 billion, a PE ratio of 5.66 and a beta of 1.31. The firm has a 50-day moving average of $87.68 and a 200-day moving average of $91.47.

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.