Fifth Third Bancorp Takes $1.34 Million Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Fifth Third Bancorp acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,179 shares of the company’s stock, valued at approximately $1,336,000.

Other institutional investors have also recently modified their holdings of the company. Wealthcare Capital Partners LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at about $480,000. Leo Wealth LLC purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at approximately $483,000. Sowell Financial Services LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at approximately $1,977,000. RIA Advisory Group LLC purchased a new stake in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at approximately $459,000. Finally, HighTower Advisors LLC lifted its stake in VanEck Rare Earth and Strategic Metals ETF by 78.4% during the fourth quarter. HighTower Advisors LLC now owns 15,289 shares of the company’s stock worth $1,130,000 after purchasing an additional 6,718 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Stock Down 2.9%

REMX opened at $67.51 on Friday. The firm has a market cap 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. The business has a fifty day simple moving average of $88.20 and a 200-day simple moving average of $91.50.

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.