Sterling Investment Advisors Ltd. Invests $2.99 Million in VanEck Rare Earth and Strategic Metals ETF $REMX

Sterling Investment Advisors Ltd. acquired a new position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,510 shares of the company’s stock, valued at approximately $2,994,000. Sterling Investment Advisors Ltd. owned 0.14% of VanEck Rare Earth and Strategic Metals ETF as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Comerica Bank bought a new position in VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at approximately $30,000. Royal Bank of Canada raised its position in VanEck Rare Earth and Strategic Metals ETF by 1.8% during the first quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock valued at $757,000 after purchasing an additional 343 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in VanEck Rare Earth and Strategic Metals ETF by 74.2% during the second 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 during the period. Jane Street Group LLC raised its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 93.5% in the second quarter. Jane Street Group LLC now owns 73,730 shares of the company’s stock worth $2,992,000 after buying an additional 35,635 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of 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 buying an additional 163,753 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Price Performance

REMX opened at $96.82 on Tuesday. The stock’s fifty day moving average is $95.44 and its two-hundred day moving average is $86.92. The company has a market capitalization of $2.80 billion, a P/E ratio of 5.66 and a beta of 1.33. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $35.72 and a 52 week high of $111.55.

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.