Sovran Advisors LLC Buys 15,428 Shares of VanEck Rare Earth and Strategic Metals ETF $REMX

Sovran Advisors LLC boosted its stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 511.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,447 shares of the company’s stock after purchasing an additional 15,428 shares during the quarter. Sovran Advisors LLC owned about 0.06% of VanEck Rare Earth and Strategic Metals ETF worth $1,623,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Money Concepts Capital Corp boosted its stake in VanEck Rare Earth and Strategic Metals ETF by 2.5% during the first quarter. Money Concepts Capital Corp now owns 7,608 shares of the company’s stock valued at $670,000 after buying an additional 188 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 49.6% during the 1st quarter. Sound Income Strategies LLC now owns 630 shares of the company’s stock valued at $56,000 after acquiring an additional 209 shares during the last quarter. Quantum Portfolio Management LLC boosted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 5.6% during the 1st quarter. Quantum Portfolio Management LLC now owns 5,208 shares of the company’s stock valued at $458,000 after acquiring an additional 276 shares during the last quarter. Moneco Advisors LLC grew its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 1.4% in the fourth quarter. Moneco Advisors LLC now owns 23,325 shares of the company’s stock valued at $1,724,000 after purchasing an additional 325 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 6.2% in the third quarter. Advisory Services Network LLC now owns 5,733 shares of the company’s stock valued at $377,000 after purchasing an additional 337 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of REMX opened at $79.76 on Monday. VanEck Rare Earth and Strategic Metals ETF has a fifty-two week low of $46.30 and a fifty-two week high of $111.55. The company’s fifty day moving average is $94.67 and its 200 day moving average is $91.78. The stock has a market capitalization of $2.40 billion, a PE ratio of 5.66 and a beta of 1.31.

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.