Freemont Management S.A. acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report) during the third quarter, Holdings Channel.com reports. The fund acquired 29,899 shares of the company’s stock, valued at approximately $1,921,000. VanEck Rare Earth and Strategic Metals ETF makes up approximately 1.8% of Freemont Management S.A.’s holdings, making the stock its 8th biggest position.
Other hedge funds have also recently made changes to their positions in the company. Pekin Hardy Strauss Inc. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth about $225,000. Commonwealth Equity Services LLC purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the third quarter worth approximately $2,937,000. Integrity Alliance LLC. bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the third quarter valued at approximately $912,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the third quarter valued at approximately $72,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the third quarter valued at approximately $398,000.
VanEck Rare Earth and Strategic Metals ETF Trading Down 2.3%
Shares of VanEck Rare Earth and Strategic Metals ETF stock opened at $50.53 on Friday. The stock has a fifty day simple moving average of $63.24 and a 200 day simple moving average of $82.70. VanEck Rare Earth and Strategic Metals ETF has a 12-month low of $49.35 and a 12-month high of $111.55. The company has a market capitalization of $1.45 billion, a P/E ratio of 5.66 and a beta of 1.31.
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.
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Want to see what other hedge funds are holding REMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Free Report).
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