VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report) shares reached a new 52-week low on Wednesday. The company traded as low as $61.84 and last traded at $61.8840, with a volume of 354032 shares trading hands. The stock had previously closed at $63.79.
VanEck Rare Earth and Strategic Metals ETF Trading Down 3.2%
The stock has a market cap of $1.77 billion, a PE ratio of 5.66 and a beta of 1.31. The company’s 50 day moving average is $72.29 and its 200-day moving average is $84.53.
Hedge Funds Weigh In On VanEck Rare Earth and Strategic Metals ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissancere Holdings Ltd. bought a new position in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth approximately $46,905,000. CapWealth Advisors LLC bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter valued at approximately $12,679,000. Bank of America Corp DE raised its position in shares of VanEck Rare Earth and Strategic Metals ETF by 72.1% during the 1st quarter. Bank of America Corp DE now owns 427,651 shares of the company’s stock valued at $37,633,000 after acquiring an additional 179,182 shares in the last quarter. Asset One Wealth Management LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at approximately $6,989,000. Finally, Royal Bank of Canada lifted its stake in VanEck Rare Earth and Strategic Metals ETF by 45.6% during the first quarter. Royal Bank of Canada now owns 193,125 shares of the company’s stock worth $16,995,000 after purchasing an additional 60,459 shares during the last quarter.
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.
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