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

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) reached a new 52-week high on Friday . The stock traded as high as $104.26 and last traded at $103.12, with a volume of 132284 shares traded. The stock had previously closed at $103.05.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

The stock has a market cap of $2.96 billion, a P/E ratio of 5.66 and a beta of 1.28. The firm has a 50-day moving average price of $91.42 and a 200-day moving average price of $81.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Roxbury Financial LLC purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 1st quarter valued at approximately $117,000. Terra Nova Asset Management LLC purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 1st quarter valued at approximately $793,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 1st quarter valued at approximately $2,172,000. Rockefeller Capital Management L.P. lifted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 255.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,837 shares of the company’s stock valued at $3,314,000 after purchasing an additional 32,232 shares during the period. Finally, Audent Global Asset Management LLC purchased a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at approximately $1,043,000.

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.