Terra Nova Asset Management LLC Takes $793,000 Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Terra Nova Asset Management LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,013 shares of the company’s stock, valued at approximately $793,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in REMX. Compound Planning Inc. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the third quarter worth about $549,000. Wealthcare Capital Partners LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at approximately $480,000. Leo Wealth LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at approximately $483,000. HighTower Advisors LLC grew its position in shares of VanEck Rare Earth and Strategic Metals ETF by 78.4% in the 4th quarter. HighTower Advisors LLC now owns 15,289 shares of the company’s stock valued at $1,130,000 after purchasing an additional 6,718 shares during the period. Finally, Sowell Financial Services LLC bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth approximately $1,977,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of REMX stock opened at $95.55 on Monday. The company has a market capitalization of $2.76 billion, a P/E ratio of 5.66 and a beta of 1.29. The company’s 50 day moving average price is $98.56 and its two-hundred day moving average price is $90.32. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $38.35 and a 52 week high of $111.55.

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.