Sterling Investment Advisors Ltd. grew its position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) by 30.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,655 shares of the company’s stock after buying an additional 12,145 shares during the period. Sterling Investment Advisors Ltd. owned about 0.18% of VanEck Rare Earth and Strategic Metals ETF worth $4,634,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at approximately $25,000. Comerica Bank bought a new position in VanEck Rare Earth and Strategic Metals ETF during the first quarter worth $30,000. Clearstead Advisors LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth $30,000. Sound Income Strategies LLC boosted its holdings in VanEck Rare Earth and Strategic Metals ETF by 856.8% in the fourth quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock worth $31,000 after purchasing an additional 377 shares during the period. Finally, Hazlett Burt & Watson Inc. bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at $33,000.
VanEck Rare Earth and Strategic Metals ETF Trading Up 3.8%
Shares of NYSEARCA REMX opened at $79.14 on Wednesday. VanEck Rare Earth and Strategic Metals ETF has a 12-month low of $46.90 and a 12-month high of $111.55. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. The stock’s 50 day simple moving average is $93.60 and its 200 day simple moving average is $91.81.
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.
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