International Assets Investment Management LLC Makes New Investment in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX)

International Assets Investment Management LLC bought a new position in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) in the 4th quarter, Holdings Channel.com reports. The firm bought 18,773 shares of the company’s stock, valued at approximately $1,155,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. raised its holdings in VanEck Rare Earth/Strategic Metals ETF by 32.3% during the third quarter. Vontobel Holding Ltd. now owns 13,896 shares of the company’s stock worth $922,000 after purchasing an additional 3,396 shares in the last quarter. Private Wealth Advisors LLC acquired a new position in VanEck Rare Earth/Strategic Metals ETF during the 3rd quarter worth approximately $2,707,000. Walkner Condon Financial Advisors LLC increased its position in VanEck Rare Earth/Strategic Metals ETF by 9.1% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 25,975 shares of the company’s stock worth $1,723,000 after purchasing an additional 2,160 shares during the period. Bridge Advisory LLC raised its stake in shares of VanEck Rare Earth/Strategic Metals ETF by 16.9% during the 3rd quarter. Bridge Advisory LLC now owns 24,374 shares of the company’s stock worth $1,617,000 after buying an additional 3,531 shares in the last quarter. Finally, Sheets Smith Wealth Management acquired a new stake in shares of VanEck Rare Earth/Strategic Metals ETF in the 3rd quarter valued at approximately $79,000.

VanEck Rare Earth/Strategic Metals ETF Price Performance

VanEck Rare Earth/Strategic Metals ETF stock opened at $49.65 on Tuesday. The stock’s 50 day moving average price is $51.06 and its 200 day moving average price is $54.55. VanEck Rare Earth/Strategic Metals ETF has a 1-year low of $44.02 and a 1-year high of $88.48. The company has a market cap of $326.20 million, a PE ratio of 6.10 and a beta of 1.43.

VanEck Rare Earth/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.