Asset One Wealth Management LLC Acquires New Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Asset One Wealth Management LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 94,551 shares of the company’s stock, valued at approximately $6,989,000. VanEck Rare Earth and Strategic Metals ETF accounts for 1.0% of Asset One Wealth Management LLC’s portfolio, making the stock its 22nd biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in 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 period. Bank of America Corp DE lifted its position in VanEck Rare Earth and Strategic Metals ETF by 183.3% in the second quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after purchasing an additional 163,753 shares during the period. Wells Fargo & Company MN lifted its position in VanEck Rare Earth and Strategic Metals ETF by 99.1% in the fourth quarter. Wells Fargo & Company MN now owns 234,514 shares of the company’s stock valued at $17,335,000 after purchasing an additional 116,710 shares during the period. UBS Group AG lifted its position in VanEck Rare Earth and Strategic Metals ETF by 191.1% in the fourth quarter. UBS Group AG now owns 213,309 shares of the company’s stock valued at $15,768,000 after purchasing an additional 140,044 shares during the period. Finally, Quadrature Capital Ltd lifted 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 valued at $13,993,000 after purchasing an additional 182,497 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Stock Down 0.8%

Shares of NYSEARCA:REMX opened at $96.04 on Thursday. The company has a market cap of $2.78 billion, a P/E ratio of 5.66 and a beta of 1.29. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $38.35 and a 52 week high of $111.55. The company has a 50-day moving average price of $98.40 and a 200 day moving average price of $90.02.

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.