VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Shares Gap Down – Here’s What Happened

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) gapped down prior to trading on Monday . The stock had previously closed at $72.67, but opened at $70.35. VanEck Rare Earth and Strategic Metals ETF shares last traded at $69.85, with a volume of 124,218 shares trading hands.

VanEck Rare Earth and Strategic Metals ETF Trading Up 3.0%

The business has a fifty day moving average of $90.09 and a 200-day moving average of $91.74. The firm has a market cap of $2.16 billion, a PE ratio of 5.66 and a beta of 1.31.

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

A number of institutional investors and hedge funds have recently modified their holdings of REMX. Abound Wealth Management purchased a new position in VanEck Rare Earth and Strategic Metals ETF during the second quarter valued at approximately $25,000. Sunbelt Securities Inc. purchased a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $25,000. Clearstead Advisors LLC purchased a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $30,000. Sound Income Strategies LLC boosted its holdings in VanEck Rare Earth and Strategic Metals ETF by 856.8% in the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after purchasing an additional 377 shares during the period. Finally, Hazlett Burt & Watson Inc. bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at $33,000.

VanEck Rare Earth and Strategic Metals ETF Company 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.