Private Advisor Group LLC Acquires 35,638 Shares of VanEck Rare Earth and Strategic Metals ETF $REMX

Private Advisor Group LLC grew its holdings in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 172.5% in the 1st quarter, Holdings Channel reports. The fund owned 56,293 shares of the company’s stock after purchasing an additional 35,638 shares during the quarter. Private Advisor Group LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $4,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC increased its position in VanEck Rare Earth and Strategic Metals ETF by 121.6% during the fourth quarter. LPL Financial LLC now owns 598,454 shares of the company’s stock worth $44,238,000 after acquiring an additional 328,393 shares during the period. Quadrature Capital Ltd increased its stake in VanEck Rare Earth and Strategic Metals ETF by 104.2% during the fourth quarter. Quadrature Capital Ltd now owns 434,493 shares of the company’s stock valued at $32,118,000 after acquiring an additional 221,698 shares during the period. Bank of America Corp DE increased its stake in VanEck Rare Earth and Strategic Metals ETF by 183.3% during the second quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after acquiring an additional 163,753 shares during the period. Wells Fargo & Company MN raised its holdings in VanEck Rare Earth and Strategic Metals ETF by 99.1% in the 4th quarter. Wells Fargo & Company MN now owns 234,514 shares of the company’s stock valued at $17,335,000 after acquiring an additional 116,710 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 191.1% in the 4th quarter. UBS Group AG now owns 213,309 shares of the company’s stock worth $15,768,000 after acquiring an additional 140,044 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Trading Down 5.0%

Shares of NYSEARCA:REMX opened at $81.06 on Wednesday. The firm has a market capitalization of $2.46 billion, a PE ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a 1-year low of $41.16 and a 1-year high of $111.55. The business’s 50 day moving average is $95.88 and its 200-day moving average is $91.64.

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.