Fortis Group Advisors LLC Sells 5,958 Shares of VanEck Rare Earth and Strategic Metals ETF $REMX

Fortis Group Advisors LLC decreased its holdings in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,176 shares of the company’s stock after selling 5,958 shares during the period. Fortis Group Advisors LLC owned about 0.07% of VanEck Rare Earth and Strategic Metals ETF worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of REMX. CapWealth Advisors LLC bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at $14,415,000. Robinhood Asset Management LLC bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at $14,259,000. Quadrature Capital Ltd grew its position in shares of VanEck Rare Earth and Strategic Metals ETF by 602.3% during the 3rd quarter. Quadrature Capital Ltd now owns 212,795 shares of the company’s stock valued at $13,993,000 after acquiring an additional 182,497 shares during the period. PFG Advisors bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 3rd quarter valued at $11,005,000. Finally, Bank of America Corp DE grew its position in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% during the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after acquiring an additional 163,753 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Price Performance

Shares of REMX stock opened at $95.18 on Thursday. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $35.72 and a 1 year high of $111.55. The firm has a fifty day moving average price of $95.40 and a 200-day moving average price of $86.30. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 5.66 and a beta of 1.33.

VanEck Rare Earth and 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.