Clare Market Investments LLC Buys Shares of 13,715 VanEck Rare Earth and Strategic Metals ETF $REMX

Clare Market Investments LLC purchased a new position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,715 shares of the company’s stock, valued at approximately $1,207,000.

Several other large investors also recently added to or reduced their stakes in REMX. Comerica Bank bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at about $30,000. Royal Bank of Canada increased its stake in VanEck Rare Earth and Strategic Metals ETF by 1.8% in the first quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock valued at $757,000 after acquiring an additional 343 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in VanEck Rare Earth and Strategic Metals ETF by 74.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock valued at $36,000 after purchasing an additional 379 shares in the last quarter. Jane Street Group LLC increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 93.5% during the 2nd quarter. Jane Street Group LLC now owns 73,730 shares of the company’s stock valued at $2,992,000 after purchasing an additional 35,635 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% during the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after purchasing an additional 163,753 shares during the last quarter.

VanEck Rare Earth and Strategic Metals ETF Trading Down 3.0%

Shares of NYSEARCA REMX opened at $82.75 on Tuesday. VanEck Rare Earth and Strategic Metals ETF has a 1-year low of $41.16 and a 1-year high of $111.55. The stock’s 50-day moving average is $96.23 and its 200 day moving average is $91.57. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31.

VanEck Rare Earth and Strategic Metals ETF Company 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.