Ashford Capital Management Inc. reduced its stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,593 shares of the company’s stock after selling 13,152 shares during the period. Ashford Capital Management Inc.’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $3,814,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in REMX. Clearstead Advisors LLC bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth $30,000. Comerica Bank acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth $30,000. Sound Income Strategies LLC raised its stake in VanEck Rare Earth and Strategic Metals ETF by 856.8% during the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock worth $31,000 after buying an additional 377 shares during the period. Hazlett Burt & Watson Inc. acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth $33,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in VanEck Rare Earth and Strategic Metals ETF by 74.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock worth $36,000 after buying an additional 379 shares during the period.
VanEck Rare Earth and Strategic Metals ETF Stock Performance
NYSEARCA REMX opened at $96.78 on Wednesday. The business has a 50 day simple moving average of $98.24 and a 200 day simple moving average of $89.86. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $38.35 and a 52-week high of $111.55. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 5.66 and a beta of 1.29.
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.
Recommended Stories
- Five stocks we like better than VanEck Rare Earth and Strategic Metals ETF
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
- 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
Want to see what other hedge funds are holding REMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report).
Receive News & Ratings for VanEck Rare Earth and Strategic Metals ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Rare Earth and Strategic Metals ETF and related companies with MarketBeat.com's FREE daily email newsletter.
