Renaissancere Holdings Ltd. Takes Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Renaissancere Holdings Ltd. purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 533,010 shares of the company’s stock, valued at approximately $46,905,000. VanEck Rare Earth and Strategic Metals ETF comprises about 11.5% of Renaissancere Holdings Ltd.’s investment portfolio, making the stock its 3rd largest position. Renaissancere Holdings Ltd. owned about 1.84% of VanEck Rare Earth and Strategic Metals ETF at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of REMX. LPL Financial LLC grew its stake in VanEck Rare Earth and Strategic Metals ETF by 121.6% in the 4th quarter. LPL Financial LLC now owns 598,454 shares of the company’s stock valued at $44,238,000 after buying an additional 328,393 shares during the last quarter. Quadrature Capital Ltd lifted its stake in VanEck Rare Earth and Strategic Metals ETF by 104.2% during the fourth quarter. Quadrature Capital Ltd now owns 434,493 shares of the company’s stock worth $32,118,000 after purchasing an additional 221,698 shares during the last quarter. CapWealth Advisors LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth $14,415,000. Robinhood Asset Management LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth about $14,259,000. Finally, Bank of America Corp DE lifted its stake in 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 valued at $10,271,000 after purchasing an additional 163,753 shares during the last quarter.

VanEck Rare Earth and Strategic Metals ETF Trading Down 2.9%

VanEck Rare Earth and Strategic Metals ETF stock opened at $67.51 on Friday. The stock has a 50-day moving average price of $88.20 and a two-hundred day moving average price of $91.50. VanEck Rare Earth and Strategic Metals ETF has a 12 month low of $48.46 and a 12 month high of $111.55. The company has a market capitalization of $2.01 billion, a PE ratio of 5.66 and a beta of 1.31.

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.