Northwestern Mutual Wealth Management Co. Has $1.25 Million Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Northwestern Mutual Wealth Management Co. raised its holdings in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 112.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,959 shares of the company’s stock after buying an additional 8,975 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.06% of VanEck Rare Earth and Strategic Metals ETF worth $1,254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at $6,573,000. Revere Asset Management Inc acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at $1,196,000. Sterling Investment Advisors Ltd. acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at $2,994,000. Harbour Investments Inc. increased its stake in VanEck Rare Earth and Strategic Metals ETF by 658.9% in the 4th quarter. Harbour Investments Inc. now owns 6,898 shares of the company’s stock valued at $510,000 after buying an additional 5,989 shares during the last quarter. Finally, Clearstead Advisors LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at $30,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of REMX stock opened at $88.59 on Monday. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $38.35 and a 1 year high of $111.55. The firm’s fifty day moving average price is $97.60 and its two-hundred day moving average price is $88.85. The firm has a market capitalization of $2.56 billion, a P/E ratio of 5.66 and a beta of 1.29.

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.