Ashford Capital Management Inc. Has $3.87 Million Stock Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Ashford Capital Management Inc. reduced its holdings in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 14.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,970 shares of the company’s stock after selling 7,623 shares during the quarter. Ashford Capital Management Inc. owned about 0.15% of VanEck Rare Earth and Strategic Metals ETF worth $3,869,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Renaissancere Holdings Ltd. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth approximately $46,905,000. LPL Financial LLC increased its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 121.6% in the 4th quarter. LPL Financial LLC now owns 598,454 shares of the company’s stock valued at $44,238,000 after acquiring an additional 328,393 shares in the last quarter. Quadrature Capital Ltd lifted its position in shares of 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 valued at $32,118,000 after acquiring an additional 221,698 shares during the period. CapWealth Advisors LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth $14,415,000. Finally, Robinhood Asset Management LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth $14,259,000.

VanEck Rare Earth and Strategic Metals ETF Trading Up 1.8%

NYSEARCA:REMX opened at $68.72 on Tuesday. VanEck Rare Earth and Strategic Metals ETF has a 12 month low of $48.46 and a 12 month high of $111.55. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. The firm has a fifty day simple moving average of $87.68 and a two-hundred day simple moving average of $91.47.

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.