VanEck Rare Earth and Strategic Metals ETF $REMX Stake Cut by Proficio Capital Partners LLC

Proficio Capital Partners LLC cut its holdings in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 12.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,720 shares of the company’s stock after selling 13,505 shares during the quarter. Proficio Capital Partners LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $8,471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the first quarter worth approximately $30,000. Royal Bank of Canada grew its position in VanEck Rare Earth and Strategic Metals ETF by 1.8% during the first quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock valued at $757,000 after purchasing an additional 343 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in VanEck Rare Earth and Strategic Metals ETF by 74.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock valued at $36,000 after purchasing an additional 379 shares in the last quarter. Jane Street Group LLC grew its position in VanEck Rare Earth and Strategic Metals ETF by 93.5% during the second quarter. Jane Street Group LLC now owns 73,730 shares of the company’s stock valued at $2,992,000 after purchasing an additional 35,635 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in VanEck Rare Earth and Strategic Metals ETF by 183.3% in the 2nd 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 Stock Up 0.1%

REMX stock opened at $77.52 on Tuesday. VanEck Rare Earth and Strategic Metals ETF has a 12-month low of $57.17 and a 12-month high of $111.55. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. The company has a 50 day moving average of $77.35 and a two-hundred day moving average of $88.83.

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.