D.A. Davidson & CO. Acquires New Position in VanEck Rare Earth and Strategic Metals ETF $REMX

D.A. Davidson & CO. acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 7,978 shares of the company’s stock, valued at approximately $525,000.

A number of other large investors have also modified their holdings of REMX. Comerica Bank acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 1st quarter valued at approximately $30,000. Royal Bank of Canada raised its position in VanEck Rare Earth and Strategic Metals ETF by 1.8% in the first quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock worth $757,000 after acquiring an additional 343 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in VanEck Rare Earth and Strategic Metals ETF by 1,596.2% in the second quarter. Farther Finance Advisors LLC now owns 3,613 shares of the company’s stock valued at $147,000 after acquiring an additional 3,400 shares during the period. LexAurum Advisors LLC purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter worth $203,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter worth $2,301,000.

VanEck Rare Earth and Strategic Metals ETF Stock Up 4.5%

NYSEARCA:REMX opened at $88.84 on Tuesday. The firm’s fifty day simple moving average is $73.32 and its 200-day simple moving average is $64.29. The stock has a market cap of $2.02 billion, a PE ratio of 5.66 and a beta of 1.41. VanEck Rare Earth and Strategic Metals ETF has a fifty-two week low of $32.36 and a fifty-two week high of $89.53.

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.