Robinhood Asset Management LLC Takes Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Robinhood Asset Management LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the fourth quarter, HoldingsChannel reports. The fund acquired 192,903 shares of the company’s stock, valued at approximately $14,259,000. VanEck Rare Earth and Strategic Metals ETF makes up approximately 1.1% of Robinhood Asset Management LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other hedge funds also recently bought and sold shares of REMX. Comerica Bank bought a new position in VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at approximately $30,000. Sound Income Strategies LLC lifted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% in the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock worth $31,000 after acquiring an additional 377 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 280 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 valued at $36,000 after purchasing an additional 379 shares in the last quarter. Finally, Spire Wealth Management bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at $40,000.

VanEck Rare Earth and Strategic Metals ETF Stock Down 0.5%

Shares of NYSEARCA:REMX opened at $88.44 on Tuesday. The stock has a market cap of $2.62 billion, a PE ratio of 5.66 and a beta of 1.41. The company’s fifty day moving average is $90.41 and its 200 day moving average is $79.95. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $32.36 and a 52 week high of $103.68.

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.