Audent Global Asset Management LLC purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 14,114 shares of the company’s stock, valued at approximately $1,043,000.
Other hedge funds have also modified their holdings of the company. CFO Capital Management LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth about $273,000. Sunbelt Securities Inc. acquired a new position in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at about $25,000. NewEdge Advisors LLC lifted its position in VanEck Rare Earth and Strategic Metals ETF by 259.3% in the fourth quarter. NewEdge Advisors LLC now owns 12,628 shares of the company’s stock valued at $933,000 after buying an additional 9,113 shares during the last quarter. VestGen Advisors LLC boosted its stake in VanEck Rare Earth and Strategic Metals ETF by 53.9% during the fourth quarter. VestGen Advisors LLC now owns 50,823 shares of the company’s stock worth $3,757,000 after buying an additional 17,795 shares during the period. Finally, Quadrature Capital Ltd boosted its stake in VanEck Rare Earth and Strategic Metals ETF by 104.2% during the fourth quarter. Quadrature Capital Ltd now owns 434,493 shares of the company’s stock worth $32,118,000 after buying an additional 221,698 shares during the period.
VanEck Rare Earth and Strategic Metals ETF Price Performance
REMX opened at $95.55 on Friday. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $38.35 and a 52 week high of $111.55. The business has a fifty day simple moving average of $98.56 and a 200-day simple moving average of $90.20. The firm has a market cap of $2.76 billion, a P/E 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.
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