Florin Court Capital LLP Takes Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Florin Court Capital LLP bought a new position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 3rd quarter, Holdings Channel reports. The fund bought 11,700 shares of the company’s stock, valued at approximately $770,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 3EDGE Asset Management LP boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 63.3% in the third quarter. 3EDGE Asset Management LP now owns 9,005 shares of the company’s stock worth $593,000 after purchasing an additional 3,489 shares during the period. Quantum Portfolio Management LLC purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 3rd quarter valued at $354,000. Q3 Asset Management bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth $1,063,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth $260,000. Finally, Comprehensive Money Management Services LLC purchased a new stake in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth $273,000.

VanEck Rare Earth and Strategic Metals ETF Stock Up 0.7%

Shares of VanEck Rare Earth and Strategic Metals ETF stock opened at $97.61 on Wednesday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41. The stock’s 50-day simple moving average is $78.81 and its 200-day simple moving average is $68.21. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $32.36 and a 52 week high of $102.40.

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.