VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Sets New 52-Week High – Here’s What Happened

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) reached a new 52-week high during trading on Thursday . The company traded as high as $105.16 and last traded at $104.76, with a volume of 911337 shares trading hands. The stock had previously closed at $101.04.

VanEck Rare Earth and Strategic Metals ETF Trading Up 4.3%

The stock’s 50 day moving average price is $93.48 and its 200 day moving average price is $83.46. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 5.66 and a beta of 1.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at about $25,000. Clearstead Advisors LLC acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at about $30,000. Comerica Bank acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at about $30,000. Sound Income Strategies LLC increased its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% during the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after acquiring an additional 377 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new stake in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth approximately $33,000.

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.