Wealthcare Advisory Partners LLC Makes New Investment in VanEck Rare Earth and Strategic Metals ETF $REMX

Wealthcare Advisory Partners LLC bought a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,115 shares of the company’s stock, valued at approximately $403,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in VanEck Rare Earth and Strategic Metals ETF by 183.3% in the second quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock worth $10,271,000 after purchasing an additional 163,753 shares during the period. Avalon Capital Management bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 3rd quarter worth about $5,911,000. Ashford Capital Management Inc. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 2nd quarter valued at about $2,691,000. SG Americas Securities LLC bought a new stake in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter valued at about $3,384,000. Finally, 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 buying an additional 35,635 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of NYSEARCA:REMX opened at $89.00 on Friday. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $32.36 and a 52-week high of $102.40. The business’s 50 day simple moving average is $84.71 and its two-hundred day simple moving average is $72.88. The firm has a market cap of $2.62 billion, a P/E ratio of 5.66 and a beta of 1.41.

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.