VanEck Rare Earth and Strategic Metals ETF $REMX Stock Position Decreased by Asset One Wealth Management LLC

Asset One Wealth Management LLC trimmed its stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 35.9% in the third quarter, HoldingsChannel reports. The firm owned 73,506 shares of the company’s stock after selling 41,182 shares during the period. Asset One Wealth Management LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $4,723,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Freemont Management S.A. purchased a new position in VanEck Rare Earth and Strategic Metals ETF during the third quarter worth $1,921,000. Pekin Hardy Strauss Inc. purchased a new stake in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth approximately $225,000. Commonwealth Equity Services LLC purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the third quarter worth about $2,937,000. Integrity Alliance LLC. bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter valued at about $912,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 3rd quarter worth $72,000.

VanEck Rare Earth and Strategic Metals ETF Price Performance

NYSEARCA:REMX opened at $51.40 on Friday. The business’s 50-day simple moving average is $62.68 and its 200-day simple moving average is $82.51. VanEck Rare Earth and Strategic Metals ETF has a fifty-two week low of $49.35 and a fifty-two week high of $111.55. The stock has a market capitalization of $1.46 billion, a PE ratio of 5.66 and a beta of 1.31.

VanEck Rare Earth and Strategic Metals ETF Company 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.