Lake Hills Wealth Management LLC Acquires New Shares in VanEck Rare Earth and Strategic Metals ETF $REMX

Lake Hills Wealth Management LLC bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 31,015 shares of the company’s stock, valued at approximately $2,293,000. VanEck Rare Earth and Strategic Metals ETF comprises approximately 1.2% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 18th largest position.

Several other large investors also recently modified their holdings of REMX. Compound Planning Inc. acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter valued at approximately $549,000. Flow Traders U.S. LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter worth approximately $930,000. Avalon Capital Management bought a new position in VanEck Rare Earth and Strategic Metals ETF in the third quarter valued at approximately $5,911,000. Florin Court Capital LLP bought a new position in VanEck Rare Earth and Strategic Metals ETF in the third quarter valued at approximately $770,000. Finally, Ashford Capital Management Inc. acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the second quarter valued at approximately $2,691,000.

VanEck Rare Earth and Strategic Metals ETF Stock Down 4.6%

Shares of REMX stock opened at $79.10 on Friday. VanEck Rare Earth and Strategic Metals ETF has a 12-month low of $32.36 and a 12-month high of $103.68. The firm has a fifty day moving average of $91.51 and a 200-day moving average of $77.63. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41.

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.