VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Reaches New 1-Year Low – What’s Next?

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) hit a new 52-week low on Thursday. The company traded as low as $62.31 and last traded at $62.5870, with a volume of 168412 shares changing hands. The stock had previously closed at $64.26.

VanEck Rare Earth and Strategic Metals ETF Trading Down 2.8%

The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 5.66 and a beta of 1.32. The company has a 50-day moving average of $72.66 and a 200-day moving average of $85.26.

Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF

Several institutional investors and hedge funds have recently bought and sold shares of REMX. Capital Analysts LLC grew its position in VanEck Rare Earth and Strategic Metals ETF by 94.4% in the second quarter. Capital Analysts LLC now owns 348 shares of the company’s stock worth $31,000 after buying an additional 169 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the second quarter valued at about $257,000. IFP Advisors Inc boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 328.9% in the second quarter. IFP Advisors Inc now owns 682 shares of the company’s stock worth $60,000 after buying an additional 523 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 17.4% in the second quarter. Squarepoint Ops LLC now owns 4,566 shares of the company’s stock worth $404,000 after buying an additional 676 shares during the period. Finally, Sterling Investment Advisors Ltd. increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 2.6% in the second quarter. Sterling Investment Advisors Ltd. now owns 54,040 shares of the company’s stock worth $4,783,000 after acquiring an additional 1,385 shares in the last quarter.

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.