MONECO Advisors LLC Invests $1.51 Million in VanEck Rare Earth and Strategic Metals ETF $REMX

MONECO Advisors LLC purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 23,000 shares of the company’s stock, valued at approximately $1,514,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AE Wealth Management LLC grew its position in VanEck Rare Earth and Strategic Metals ETF by 106.9% in the 3rd quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock valued at $36,000 after buying an additional 280 shares in the last quarter. 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 buying an additional 343 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 worth $36,000 after acquiring an additional 379 shares during the period. CWM LLC boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 32.2% in the third quarter. CWM LLC now owns 2,461 shares of the company’s stock valued at $162,000 after acquiring an additional 600 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 19.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company’s stock valued at $244,000 after acquiring an additional 600 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Price Performance

Shares of NYSEARCA:REMX opened at $86.63 on Friday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41. VanEck Rare Earth and Strategic Metals ETF has a 12 month low of $32.36 and a 12 month high of $102.40. The stock’s 50 day moving average price is $81.44 and its 200 day moving average price is $70.13.

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.