VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $53.71 and last traded at $53.5850, with a volume of 69,751 shares changing hands. The stock had previously closed at $54.23.
VanEck Rare Earth and Strategic Metals ETF Trading Down 1.3%
The stock’s 50 day moving average price is $70.40 and its two-hundred day moving average price is $83.05. The firm has a market capitalization of $1.53 billion, a PE ratio of 5.66 and a beta of 1.31.
Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF
A number of large investors have recently bought and sold shares of REMX. NBH Bank acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the second quarter valued at $25,000. Abound Wealth Management acquired a new position in VanEck Rare Earth and Strategic Metals ETF in the 2nd quarter valued at about $25,000. Capital Analysts LLC raised its stake in VanEck Rare Earth and Strategic Metals ETF by 94.4% in the 2nd quarter. Capital Analysts LLC now owns 348 shares of the company’s stock valued at $31,000 after purchasing an additional 169 shares during the last quarter. Sound Income Strategies LLC raised its stake in VanEck Rare Earth and Strategic Metals ETF by 49.6% in the 1st quarter. Sound Income Strategies LLC now owns 630 shares of the company’s stock valued at $56,000 after purchasing an additional 209 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new position in VanEck Rare Earth and Strategic Metals ETF in the 2nd quarter valued at about $59,000.
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.
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