VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Sets New 1-Year High – Should You Buy?

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $105.16 and last traded at $104.76, with a volume of 911337 shares. The stock had previously closed at $101.04.

VanEck Rare Earth and Strategic Metals ETF Stock Up 1.0%

The stock has a market cap of $3.08 billion, a PE ratio of 5.66 and a beta of 1.33. The company has a fifty day moving average price of $93.78 and a 200 day moving average price of $83.62.

Institutional Trading of VanEck Rare Earth and Strategic Metals ETF

Large investors have recently modified their holdings of the business. Sunbelt Securities Inc. bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth about $25,000. Clearstead Advisors LLC bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth about $30,000. Sound Income Strategies LLC grew its stake in shares of 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 worth $31,000 after purchasing an additional 377 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth about $33,000. Finally, Consultiva Wealth Management CORP. bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth about $37,000.

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.