Brookstone Capital Management Acquires New Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Brookstone Capital Management acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,630 shares of the company’s stock, valued at approximately $2,338,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at $40,000. AE Wealth Management LLC lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 106.9% during the 3rd quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock worth $36,000 after buying an additional 280 shares during the last quarter. Comerica Bank bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth $30,000. AlphaCore Capital LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the third quarter valued at about $56,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in VanEck Rare Earth and Strategic Metals ETF by 74.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock valued at $36,000 after buying an additional 379 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Stock Up 0.4%

VanEck Rare Earth and Strategic Metals ETF stock opened at $88.90 on Friday. The stock has a market cap of $2.63 billion, a PE ratio of 5.66 and a beta of 1.41. VanEck Rare Earth and Strategic Metals ETF has a 12-month low of $32.36 and a 12-month high of $103.68. The business’s 50-day moving average price is $90.77 and its two-hundred day moving average price is $79.30.

About VanEck Rare Earth and Strategic Metals ETF

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.