Renaissancere Holdings Ltd. Invests $46.91 Million in VanEck Rare Earth and Strategic Metals ETF $REMX

Renaissancere Holdings Ltd. bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 533,010 shares of the company’s stock, valued at approximately $46,905,000. VanEck Rare Earth and Strategic Metals ETF makes up approximately 11.5% of Renaissancere Holdings Ltd.’s investment portfolio, making the stock its 3rd largest holding.

Several other large investors have also added to or reduced their stakes in the business. Wealthcare Capital Partners LLC bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth about $480,000. Leo Wealth LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at about $483,000. Sowell Financial Services LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at about $1,977,000. Bleakley Financial Group LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at about $1,249,000. Finally, RIA Advisory Group LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at about $459,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of REMX opened at $67.51 on Friday. The stock has a 50 day moving average price of $88.20 and a two-hundred day moving average price of $91.50. The firm has a market capitalization of $2.01 billion, a P/E ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $48.46 and a 52 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.