Bleakley Financial Group LLC Invests $1.25 Million in VanEck Rare Earth and Strategic Metals ETF $REMX

Bleakley Financial Group LLC bought a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,198 shares of the company’s stock, valued at approximately $1,249,000.

Other institutional investors have also made changes to their positions in the company. LPL Financial LLC grew its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 121.6% in the fourth quarter. LPL Financial LLC now owns 598,454 shares of the company’s stock valued at $44,238,000 after buying an additional 328,393 shares in the last quarter. Quadrature Capital Ltd increased its stake in VanEck Rare Earth and Strategic Metals ETF by 104.2% during the 4th 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. CapWealth Advisors LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth $14,415,000. Robinhood Asset Management LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at $14,259,000. Finally, Bank of America Corp DE grew its stake in 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 worth $10,271,000 after purchasing an additional 163,753 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Price Performance

REMX stock opened at $72.67 on Friday. The business’s 50-day moving average is $91.61 and its two-hundred day moving average is $91.66. The firm has a market capitalization of $2.18 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 $48.46 and a 1 year 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.