Kingswood Wealth Advisors LLC Sells 121,824 Shares of VanEck Rare Earth and Strategic Metals ETF $REMX

Kingswood Wealth Advisors LLC lowered its stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 95.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,273 shares of the company’s stock after selling 121,824 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissancere Holdings Ltd. acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the first quarter worth about $46,905,000. Bank of America Corp DE raised its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 72.1% during the first quarter. Bank of America Corp DE now owns 427,651 shares of the company’s stock valued at $37,633,000 after acquiring an additional 179,182 shares during the period. CapWealth Advisors LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the third quarter valued at approximately $12,679,000. Royal Bank of Canada lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 45.6% in the 1st quarter. Royal Bank of Canada now owns 193,125 shares of the company’s stock valued at $16,995,000 after acquiring an additional 60,459 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 9.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 114,439 shares of the company’s stock valued at $10,128,000 after acquiring an additional 9,898 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

VanEck Rare Earth and Strategic Metals ETF stock opened at $49.99 on Friday. The company has a 50 day moving average price of $65.55 and a 200 day moving average price of $83.49. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $49.35 and a 52 week high of $111.55. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31.

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.