HighTower Advisors LLC Acquires 6,718 Shares of VanEck Rare Earth and Strategic Metals ETF $REMX

HighTower Advisors LLC grew its holdings in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 78.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,289 shares of the company’s stock after acquiring an additional 6,718 shares during the quarter. HighTower Advisors LLC owned 0.05% of VanEck Rare Earth and Strategic Metals ETF worth $1,130,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Comerica Bank bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the first quarter valued at about $30,000. Sound Income Strategies LLC boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% in the fourth quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after acquiring an additional 377 shares during the period. AE Wealth Management LLC boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 106.9% in the third quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock valued at $36,000 after acquiring an additional 280 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 acquiring an additional 379 shares during the period. Finally, Spire Wealth Management bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at about $40,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of VanEck Rare Earth and Strategic Metals ETF stock opened at $97.00 on Friday. The firm has a 50-day moving average of $97.61 and a 200-day moving average of $88.73. The stock has a market cap of $2.81 billion, a PE ratio of 5.66 and a beta of 1.29. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $38.35 and a 52-week high of $111.55.

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.