VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Sets New 52-Week High – Should You Buy?

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $102.40 and last traded at $96.91, with a volume of 4278275 shares changing hands. The stock had previously closed at $98.46.

VanEck Rare Earth and Strategic Metals ETF Stock Down 1.6%

The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41. The stock’s fifty day moving average is $78.29 and its two-hundred day moving average is $67.85.

Institutional Trading of VanEck Rare Earth and Strategic Metals ETF

Institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC boosted its stake in VanEck Rare Earth and Strategic Metals ETF by 856.8% in the fourth quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after buying an additional 377 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth approximately $40,000. AE Wealth Management LLC grew its stake in VanEck Rare Earth and Strategic Metals ETF by 106.9% in the third quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock valued at $36,000 after acquiring an additional 280 shares during the period. MAI Capital Management bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the second quarter worth about $30,000. Finally, Comerica Bank bought a new position in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at $30,000.

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.