Raymond James & Associates Sells 1,733 Shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX)

Raymond James & Associates trimmed its holdings in shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) by 25.1% during the 4th quarter, Holdings Channel reports. The fund owned 5,159 shares of the company’s stock after selling 1,733 shares during the period. Raymond James & Associates’ holdings in VanEck Rare Earth/Strategic Metals ETF were worth $318,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Simplex Trading LLC purchased a new stake in shares of VanEck Rare Earth/Strategic Metals ETF during the 3rd quarter worth $39,000. Sheets Smith Wealth Management purchased a new stake in shares of VanEck Rare Earth/Strategic Metals ETF during the third quarter valued at about $79,000. Assetmark Inc. bought a new stake in shares of VanEck Rare Earth/Strategic Metals ETF in the 3rd quarter valued at about $172,000. Raymond James Financial Services Advisors Inc. grew its position in shares of VanEck Rare Earth/Strategic Metals ETF by 13.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,427 shares of the company’s stock worth $227,000 after buying an additional 399 shares during the last quarter. Finally, Twin Focus Capital Partners LLC bought a new position in shares of VanEck Rare Earth/Strategic Metals ETF during the 3rd quarter worth approximately $352,000.

VanEck Rare Earth/Strategic Metals ETF Stock Up 1.1 %

NYSEARCA:REMX opened at $50.35 on Monday. The firm has a 50 day moving average of $51.20 and a 200 day moving average of $54.16. VanEck Rare Earth/Strategic Metals ETF has a 52 week low of $44.02 and a 52 week high of $88.48. The stock has a market capitalization of $333.32 million, a price-to-earnings ratio of 5.63 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.