Commonwealth Equity Services LLC Grows Stock Holdings in VanEck Rare Earth and Strategic Metals ETF $REMX

Commonwealth Equity Services LLC raised its position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 148.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 60,748 shares of the company’s stock after buying an additional 36,331 shares during the period. Commonwealth Equity Services LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $4,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Uhlmann Price Securities LLC boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 4.0% during the third quarter. Uhlmann Price Securities LLC now owns 5,405 shares of the company’s stock worth $356,000 after buying an additional 208 shares during the period. LexAurum Advisors LLC boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 4.8% during the third quarter. LexAurum Advisors LLC now owns 5,247 shares of the company’s stock worth $345,000 after buying an additional 239 shares during the period. AE Wealth Management LLC boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 106.9% during the third quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock worth $36,000 after buying an additional 280 shares during the period. Picton Mahoney Asset Management boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 30.0% during the third quarter. Picton Mahoney Asset Management now owns 1,300 shares of the company’s stock worth $86,000 after buying an additional 300 shares during the period. Finally, Moneco Advisors LLC boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 1.4% during the fourth quarter. Moneco Advisors LLC now owns 23,325 shares of the company’s stock worth $1,724,000 after buying an additional 325 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Price Performance

REMX opened at $88.59 on Monday. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $38.35 and a 52 week high of $111.55. The business has a fifty day simple moving average of $97.60 and a 200-day simple moving average of $88.85. The firm has a market cap of $2.56 billion, a P/E ratio of 5.66 and a beta of 1.29.

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.