VanEck Rare Earth and Strategic Metals ETF $REMX Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 148.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,748 shares of the company’s stock after purchasing an additional 36,331 shares during the quarter. Commonwealth Equity Services LLC owned about 0.21% of VanEck Rare Earth and Strategic Metals ETF worth $4,490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REMX. LPL Financial LLC increased its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 121.6% in the fourth quarter. LPL Financial LLC now owns 598,454 shares of the company’s stock valued at $44,238,000 after purchasing an additional 328,393 shares during the last quarter. CapWealth Advisors LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at approximately $14,415,000. Robinhood Asset Management LLC purchased a new position in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth approximately $14,259,000. Quadrature Capital Ltd grew its position in VanEck Rare Earth and Strategic Metals ETF by 602.3% in the third quarter. Quadrature Capital Ltd now owns 212,795 shares of the company’s stock worth $13,993,000 after acquiring an additional 182,497 shares during the period. Finally, PFG Advisors purchased a new position in VanEck Rare Earth and Strategic Metals ETF in the third quarter worth approximately $11,005,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of VanEck Rare Earth and Strategic Metals ETF stock opened at $88.59 on Monday. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 5.66 and a beta of 1.29. VanEck Rare Earth and Strategic Metals ETF has a fifty-two week low of $38.35 and a fifty-two week high of $111.55. The stock has a 50 day moving average of $97.60 and a 200 day moving average of $88.85.

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.