Revere Asset Management Inc Takes $1.20 Million Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Revere Asset Management Inc acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,181 shares of the company’s stock, valued at approximately $1,196,000. VanEck Rare Earth and Strategic Metals ETF accounts for approximately 0.4% of Revere Asset Management Inc’s investment portfolio, making the stock its 17th largest position.

Other hedge funds have also modified their holdings of the company. Clearstead Advisors LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at about $30,000. Comerica Bank acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the first quarter valued at about $30,000. Sound Income Strategies LLC increased its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% in the fourth quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after purchasing an additional 377 shares during the period. AE Wealth Management LLC increased its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 106.9% in the third quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock valued at $36,000 after purchasing an additional 280 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 74.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock valued at $36,000 after purchasing an additional 379 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of REMX stock opened at $96.82 on Tuesday. The stock’s 50-day simple moving average is $95.44 and its 200-day simple moving average is $86.92. The firm has a market capitalization of $2.80 billion, a PE ratio of 5.66 and a beta of 1.33. VanEck Rare Earth and Strategic Metals ETF has a fifty-two week low of $35.72 and a fifty-two 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.