Texas Yale Capital Corp. Invests $2.22 Million in VanEck Rare Earth and Strategic Metals ETF $REMX

Texas Yale Capital Corp. purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $2,218,000. Texas Yale Capital Corp. owned 0.10% of VanEck Rare Earth and Strategic Metals ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in REMX. Comerica Bank acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth approximately $30,000. Royal Bank of Canada raised its position in shares of VanEck Rare Earth and Strategic Metals ETF by 1.8% during the 1st quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock worth $757,000 after purchasing an additional 343 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in VanEck Rare Earth and Strategic Metals ETF by 74.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock valued at $36,000 after acquiring an additional 379 shares during the period. Jane Street Group LLC increased its position in VanEck Rare Earth and Strategic Metals ETF by 93.5% in the 2nd quarter. Jane Street Group LLC now owns 73,730 shares of the company’s stock valued at $2,992,000 after acquiring an additional 35,635 shares during the period. Finally, Bank of America Corp DE increased its position in VanEck Rare Earth and Strategic Metals ETF by 183.3% in the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after acquiring an additional 163,753 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Price Performance

REMX opened at $99.63 on Monday. VanEck Rare Earth and Strategic Metals ETF has a 12 month low of $35.72 and a 12 month high of $111.55. The stock has a market cap of $2.88 billion, a P/E ratio of 5.66 and a beta of 1.33. The stock’s 50 day moving average price is $96.28 and its 200 day moving average price is $87.88.

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.