D.A. Davidson & CO. Raises Stake in VanEck Rare Earth and Strategic Metals ETF $REMX

D.A. Davidson & CO. boosted its stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 252.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,144 shares of the company’s stock after purchasing an additional 20,166 shares during the quarter. D.A. Davidson & CO.’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $2,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in REMX. Comerica Bank bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at about $30,000. Royal Bank of Canada lifted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 1.8% in the first quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock worth $757,000 after buying an additional 343 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 74.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock worth $36,000 after buying an additional 379 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 93.5% in the second quarter. Jane Street Group LLC now owns 73,730 shares of the company’s stock worth $2,992,000 after buying an additional 35,635 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% in the second quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock worth $10,271,000 after buying an additional 163,753 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Trading Up 1.0%

Shares of VanEck Rare Earth and Strategic Metals ETF stock opened at $106.52 on Friday. VanEck Rare Earth and Strategic Metals ETF has a 12-month low of $35.72 and a 12-month high of $106.94. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 5.66 and a beta of 1.33. The company’s 50-day moving average price is $93.78 and its 200-day moving average price is $83.62.

VanEck Rare Earth and Strategic Metals ETF 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.