VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report)’s stock price hit a new 52-week low on Monday. The company traded as low as $53.71 and last traded at $53.5850, with a volume of 69,751 shares. The stock had previously closed at $54.23.
VanEck Rare Earth and Strategic Metals ETF Trading Up 1.3%
The stock’s 50-day moving average price is $69.45 and its 200-day moving average price is $82.56. The company has a market capitalization of $1.54 billion, a P/E ratio of 5.66 and a beta of 1.31.
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 the business. AlphaStar Capital Management LLC bought a new stake in VanEck Rare Earth and Strategic Metals ETF in the third quarter valued at $207,000. Vontobel Holding Ltd. bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth approximately $1,990,000. HBW Advisory Services LLC grew its holdings in VanEck Rare Earth and Strategic Metals ETF by 19.0% in the 3rd quarter. HBW Advisory Services LLC now owns 71,857 shares of the company’s stock worth $4,618,000 after buying an additional 11,458 shares in the last quarter. Mather Group LLC. bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth approximately $215,000. Finally, Refined Wealth Management increased its position in VanEck Rare Earth and Strategic Metals ETF by 4.2% in the 3rd quarter. Refined Wealth Management now owns 40,000 shares of the company’s stock valued at $2,570,000 after acquiring an additional 1,611 shares during the period.
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.
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