HighTower Advisors LLC Purchases 6,718 Shares of VanEck Rare Earth and Strategic Metals ETF $REMX

HighTower Advisors LLC increased its position in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 78.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,289 shares of the company’s stock after purchasing an additional 6,718 shares during the quarter. HighTower Advisors LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $1,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Bank bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the first quarter worth about $30,000. Sound Income Strategies LLC lifted its position in 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 worth $31,000 after purchasing an additional 377 shares during the period. AE Wealth Management LLC lifted its position in VanEck Rare Earth and Strategic Metals ETF by 106.9% during the third quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock worth $36,000 after purchasing an additional 280 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in VanEck Rare Earth and Strategic Metals ETF by 74.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock worth $36,000 after purchasing an additional 379 shares during the period. Finally, Spire Wealth Management bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter worth about $40,000.

VanEck Rare Earth and Strategic Metals ETF Stock Down 1.3%

REMX opened at $97.00 on Friday. VanEck Rare Earth and Strategic Metals ETF has a twelve month low of $38.35 and a twelve month high of $111.55. The company has a 50-day simple moving average of $97.61 and a 200 day simple moving average of $88.73. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 5.66 and a beta of 1.29.

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.