Royal Bank of Canada Grows Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Royal Bank of Canada grew its holdings in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 45.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,125 shares of the company’s stock after purchasing an additional 60,459 shares during the quarter. Royal Bank of Canada owned about 0.67% of VanEck Rare Earth and Strategic Metals ETF worth $16,995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. RIA Advisory Group LLC purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth about $459,000. Bleakley Financial Group LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at approximately $1,249,000. HighTower Advisors LLC boosted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 78.4% during the 4th quarter. HighTower Advisors LLC now owns 15,289 shares of the company’s stock worth $1,130,000 after acquiring an additional 6,718 shares in the last quarter. Berger Financial Group Inc purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth approximately $732,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $881,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

REMX opened at $73.42 on Friday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. VanEck Rare Earth and Strategic Metals ETF has a one year low of $52.05 and a one year high of $111.55. The business’s fifty day moving average is $83.14 and its two-hundred day moving average is $90.39.

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.