8,247 Shares in VanEck Rare Earth and Strategic Metals ETF $REMX Purchased by Independent Financial Group LLC

Independent Financial Group LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the first quarter, Holdings Channel reports. The institutional investor bought 8,247 shares of the company’s stock, valued at approximately $726,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of REMX. Sunbelt Securities Inc. acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC bought a new stake in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at $30,000. Sound Income Strategies LLC boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% during the fourth quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after acquiring an additional 377 shares during the period. Hazlett Burt & Watson Inc. acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at $33,000. Finally, Consultiva Wealth Management CORP. bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth about $37,000.

VanEck Rare Earth and Strategic Metals ETF Stock Up 3.0%

Shares of NYSEARCA:REMX opened at $71.95 on Wednesday. The company’s 50-day moving average price is $90.09 and its 200 day moving average price is $91.74. The company has a market cap of $2.16 billion, a PE ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a fifty-two week low of $48.46 and a fifty-two week high of $111.55.

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.