Fifth Third Bancorp Takes $1.34 Million Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Fifth Third Bancorp acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,179 shares of the company’s stock, valued at approximately $1,336,000. Fifth Third Bancorp owned about 0.05% of VanEck Rare Earth and Strategic Metals ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth $25,000. Clearstead Advisors LLC bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at about $30,000. Sound Income Strategies LLC lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% in the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock worth $31,000 after purchasing an additional 377 shares during the period. Hazlett Burt & Watson Inc. purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $33,000. Finally, Consultiva Wealth Management CORP. bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at approximately $37,000.

VanEck Rare Earth and Strategic Metals ETF Price Performance

Shares of NYSEARCA REMX opened at $67.51 on Friday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 5.66 and a beta of 1.31. The business has a fifty day moving average price of $88.20 and a 200 day moving average price of $91.50. VanEck Rare Earth and Strategic Metals ETF has a 1-year low of $48.46 and a 1-year high of $111.55.

VanEck Rare Earth and Strategic Metals ETF 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.