VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Trading Up 1% – What’s Next?

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX)’s stock price traded up 1% on Tuesday . The company traded as high as $71.21 and last traded at $70.97. 516,318 shares changed hands during trading, a decline of 53% from the average session volume of 1,100,796 shares. The stock had previously closed at $70.27.

VanEck Rare Earth and Strategic Metals ETF Price Performance

The firm’s 50 day moving average is $73.45 and its 200 day moving average is $86.47. The company has a market capitalization of $2.04 billion, a PE ratio of 5.66 and a beta of 1.32.

Hedge Funds Weigh In On VanEck Rare Earth and Strategic Metals ETF

A number of hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,739 shares of the company’s stock valued at $681,000 after acquiring an additional 132 shares during the period. Capital Analysts LLC boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 94.4% during the second quarter. Capital Analysts LLC now owns 348 shares of the company’s stock worth $31,000 after purchasing an additional 169 shares during the period. Money Concepts Capital Corp raised its position in VanEck Rare Earth and Strategic Metals ETF by 2.5% during the 1st quarter. Money Concepts Capital Corp now owns 7,608 shares of the company’s stock valued at $670,000 after purchasing an additional 188 shares during the last quarter. Sound Income Strategies LLC raised its position in VanEck Rare Earth and Strategic Metals ETF by 49.6% during the 1st quarter. Sound Income Strategies LLC now owns 630 shares of the company’s stock valued at $56,000 after purchasing an additional 209 shares during the last quarter. Finally, Quantum Portfolio Management LLC lifted its holdings in VanEck Rare Earth and Strategic Metals ETF by 5.6% in the 1st quarter. Quantum Portfolio Management LLC now owns 5,208 shares of the company’s stock worth $458,000 after buying an additional 276 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Company 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.