VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Shares Gap Down – Should You Sell?

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) gapped down prior to trading on Thursday . The stock had previously closed at $73.00, but opened at $70.60. VanEck Rare Earth and Strategic Metals ETF shares last traded at $70.10, with a volume of 392,018 shares.

VanEck Rare Earth and Strategic Metals ETF Stock Down 3.4%

The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41. The stock’s 50-day simple moving average is $70.67 and its two-hundred day simple moving average is $56.82.

Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF

Several institutional investors have recently bought and sold shares of REMX. Uhlmann Price Securities LLC increased its stake in VanEck Rare Earth and Strategic Metals ETF by 4.0% during the 3rd quarter. Uhlmann Price Securities LLC now owns 5,405 shares of the company’s stock worth $356,000 after buying an additional 208 shares in the last quarter. LexAurum Advisors LLC boosted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 4.8% in the third quarter. LexAurum Advisors LLC now owns 5,247 shares of the company’s stock worth $345,000 after acquiring an additional 239 shares during the last quarter. AE Wealth Management LLC increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 106.9% during the third quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock worth $36,000 after purchasing an additional 280 shares in the last quarter. Picton Mahoney Asset Management increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 30.0% during the third quarter. Picton Mahoney Asset Management now owns 1,300 shares of the company’s stock worth $86,000 after purchasing an additional 300 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in VanEck Rare Earth and Strategic Metals ETF by 6.2% in the 3rd quarter. Advisory Services Network LLC now owns 5,733 shares of the company’s stock valued at $377,000 after purchasing an additional 337 shares during the last quarter.

About VanEck Rare Earth and Strategic Metals ETF

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.