Ascentis Independent Advisors Invests $583,000 in VanEck Rare Earth and Strategic Metals ETF $REMX

Ascentis Independent Advisors acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,627 shares of the company’s stock, valued at approximately $583,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at $25,000. Clearstead Advisors LLC bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth $30,000. Comerica Bank purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at $30,000. Sound Income Strategies LLC lifted its holdings in 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. Finally, Hazlett Burt & Watson Inc. bought a new position in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at about $33,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of NYSEARCA:REMX opened at $79.65 on Thursday. The stock’s 50-day simple moving average is $95.46 and its two-hundred day simple moving average is $91.69. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $41.39 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.