3EDGE Asset Management LP Takes Position in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX)

3EDGE Asset Management LP purchased a new position in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 13,035 shares of the company’s stock, valued at approximately $508,000.

Several other large investors have also recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in VanEck Rare Earth/Strategic Metals ETF in the 3rd quarter valued at $432,000. Flagstar Advisors Inc. raised its position in shares of VanEck Rare Earth/Strategic Metals ETF by 7.1% in the third quarter. Flagstar Advisors Inc. now owns 9,958 shares of the company’s stock valued at $459,000 after buying an additional 662 shares during the last quarter. Hansen & Associates Financial Group Inc. purchased a new position in shares of VanEck Rare Earth/Strategic Metals ETF in the fourth quarter worth about $491,000. Empirical Asset Management LLC acquired a new position in VanEck Rare Earth/Strategic Metals ETF during the fourth quarter worth about $1,042,000. Finally, Stifel Financial Corp boosted its position in VanEck Rare Earth/Strategic Metals ETF by 2.2% during the third quarter. Stifel Financial Corp now owns 23,653 shares of the company’s stock worth $1,091,000 after acquiring an additional 514 shares during the last quarter.

VanEck Rare Earth/Strategic Metals ETF Trading Up 0.0 %

REMX stock opened at $41.22 on Wednesday. The firm has a 50-day moving average of $41.17 and a two-hundred day moving average of $42.75. VanEck Rare Earth/Strategic Metals ETF has a 12 month low of $36.01 and a 12 month high of $57.05. The company has a market cap of $274.94 million, a price-to-earnings ratio of 6.14 and a beta of 1.39.

About VanEck Rare Earth/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.