Paller Financial Services Inc purchased a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 24,776 shares of the company’s stock, valued at approximately $2,193,000. VanEck Rare Earth and Strategic Metals ETF accounts for about 1.6% of Paller Financial Services Inc’s investment portfolio, making the stock its 27th largest holding.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth $25,000. Clearstead Advisors LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth $30,000. Comerica Bank acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 1st quarter worth $30,000. Sound Income Strategies LLC raised its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% during the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock worth $31,000 after acquiring an additional 377 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at about $33,000.
VanEck Rare Earth and Strategic Metals ETF Trading Up 1.3%
Shares of REMX stock opened at $72.46 on Thursday. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. The company’s 50-day moving average price is $83.70 and its 200-day moving average price is $90.50. VanEck Rare Earth and Strategic Metals ETF has a twelve month low of $50.77 and a twelve month high of $111.55.
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.
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