Prudential PLC Invests $1.89 Million in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX)

Prudential PLC bought a new stake in shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 48,520 shares of the company’s stock, valued at approximately $1,893,000.

Several other large investors have also recently made changes to their positions in REMX. OLD Mission Capital LLC raised its position in shares of VanEck Rare Earth/Strategic Metals ETF by 63.2% in the fourth quarter. OLD Mission Capital LLC now owns 33,513 shares of the company’s stock worth $1,307,000 after acquiring an additional 12,976 shares during the period. JPMorgan Chase & Co. raised its holdings in VanEck Rare Earth/Strategic Metals ETF by 944.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,871 shares of the company’s stock worth $112,000 after purchasing an additional 2,596 shares during the period. LPL Financial LLC boosted its position in VanEck Rare Earth/Strategic Metals ETF by 38.0% during the fourth quarter. LPL Financial LLC now owns 200,799 shares of the company’s stock worth $7,833,000 after purchasing an additional 55,319 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in VanEck Rare Earth/Strategic Metals ETF by 35.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 18,359 shares of the company’s stock valued at $716,000 after purchasing an additional 4,756 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of VanEck Rare Earth/Strategic Metals ETF in the fourth quarter valued at approximately $493,000.

VanEck Rare Earth/Strategic Metals ETF Price Performance

Shares of NYSEARCA:REMX opened at $34.66 on Monday. The business’s 50 day moving average price is $41.11 and its 200-day moving average price is $43.26. VanEck Rare Earth/Strategic Metals ETF has a 1 year low of $33.95 and a 1 year high of $57.05. The firm has a market capitalization of $219.05 million, a price-to-earnings ratio of 21.56 and a beta of 1.38.

VanEck Rare Earth/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.