Tcfg Wealth Management LLC Has $2.40 Million Holdings in VanEck Rare Earth and Strategic Metals ETF $REMX

Tcfg Wealth Management LLC decreased its holdings in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 20.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,297 shares of the company’s stock after selling 6,990 shares during the quarter. VanEck Rare Earth and Strategic Metals ETF makes up about 0.9% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. Tcfg Wealth Management LLC owned 0.09% of VanEck Rare Earth and Strategic Metals ETF worth $2,402,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Comerica Bank acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 1st quarter valued at approximately $30,000. Royal Bank of Canada increased its holdings 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 worth $757,000 after buying an additional 343 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised 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 worth $36,000 after acquiring an additional 379 shares in the last quarter. Jane Street Group LLC raised 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 worth $2,992,000 after acquiring an additional 35,635 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in 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 acquiring an additional 163,753 shares during the last quarter.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of NYSEARCA:REMX opened at $88.50 on Wednesday. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $40.27 and a 52-week high of $111.55. The company has a market capitalization of $2.56 billion, a P/E ratio of 5.66 and a beta of 1.29. The company has a 50-day simple moving average of $97.42 and a 200 day simple moving average of $91.16.

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.