GoalVest Advisory LLC Takes $716,000 Position in VanEck Rare Earth and Strategic Metals ETF $REMX

GoalVest Advisory LLC purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,092 shares of the company’s stock, valued at approximately $716,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissancere Holdings Ltd. bought a new position in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at $46,905,000. LPL Financial LLC increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 121.6% in the 4th 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 last quarter. Quadrature Capital Ltd increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 104.2% in the 4th quarter. Quadrature Capital Ltd now owns 434,493 shares of the company’s stock worth $32,118,000 after purchasing an additional 221,698 shares during the last quarter. CapWealth Advisors LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at about $14,415,000. Finally, Bank of America Corp DE lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 72.1% during the first quarter. Bank of America Corp DE now owns 427,651 shares of the company’s stock worth $37,633,000 after purchasing an additional 179,182 shares during the last quarter.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

NYSEARCA:REMX opened at $77.04 on Friday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a one year low of $53.85 and a one year high of $111.55. The stock has a 50-day simple moving average of $82.69 and a 200 day simple moving average of $90.30.

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.