Janney Montgomery Scott LLC Boosts Stake in VanEck Rare Earth and Strategic Metals ETF $REMX

Janney Montgomery Scott LLC lifted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 174.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,564 shares of the company’s stock after acquiring an additional 11,162 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of VanEck Rare Earth and Strategic Metals ETF worth $1,546,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Wealthcare Capital Partners LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at $480,000. Leo Wealth LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at approximately $483,000. Sowell Financial Services LLC bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at approximately $1,977,000. RIA Advisory Group LLC bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $459,000. Finally, HighTower Advisors LLC grew its position in VanEck Rare Earth and Strategic Metals ETF by 78.4% in the fourth quarter. HighTower Advisors LLC now owns 15,289 shares of the company’s stock worth $1,130,000 after buying an additional 6,718 shares during the last quarter.

VanEck Rare Earth and Strategic Metals ETF Trading Down 0.3%

Shares of REMX opened at $79.76 on Friday. The business’s 50-day moving average price is $94.67 and its 200 day moving average price is $91.66. The stock has a market capitalization of $2.41 billion, a P/E ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a 1-year low of $46.30 and a 1-year high of $111.55.

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.