Union Bancaire Privee UBP SA Invests $2.22 Million in VanEck Rare Earth and Strategic Metals ETF $REMX

Union Bancaire Privee UBP SA bought a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 26,000 shares of the company’s stock, valued at approximately $2,222,000.

Several other large investors have also modified their holdings of REMX. Comerica Bank acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at approximately $30,000. Royal Bank of Canada lifted its holdings in VanEck Rare Earth and Strategic Metals ETF by 1.8% during the 1st quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock worth $757,000 after buying an additional 343 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of VanEck Rare Earth and Strategic Metals ETF by 74.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock worth $36,000 after acquiring an additional 379 shares in the last quarter. Jane Street Group LLC grew its position in shares of VanEck Rare Earth and Strategic Metals ETF by 93.5% in the 2nd quarter. Jane Street Group LLC now owns 73,730 shares of the company’s stock worth $2,992,000 after acquiring an additional 35,635 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% in the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock worth $10,271,000 after acquiring an additional 163,753 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Trading Down 3.0%

Shares of NYSEARCA REMX opened at $86.53 on Friday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 5.66 and a beta of 1.29. VanEck Rare Earth and Strategic Metals ETF has a twelve month low of $40.24 and a twelve month high of $111.55. The business has a 50 day simple moving average of $98.02 and a 200-day simple moving average of $90.85.

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.