Janney Montgomery Scott LLC Takes Position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX)

Janney Montgomery Scott LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,186 shares of the company’s stock, valued at approximately $245,000. Janney Montgomery Scott LLC owned approximately 0.09% of VanEck Rare Earth and Strategic Metals ETF as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in REMX. LPL Financial LLC increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 38.0% during the 4th quarter. LPL Financial LLC now owns 200,799 shares of the company’s stock worth $7,833,000 after purchasing an additional 55,319 shares in the last quarter. Bank of America Corp DE increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 5.0% during the 4th quarter. Bank of America Corp DE now owns 82,149 shares of the company’s stock worth $3,205,000 after purchasing an additional 3,919 shares in the last quarter. Prudential PLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth about $1,893,000. 180 Wealth Advisors LLC increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 9.1% during the 1st quarter. 180 Wealth Advisors LLC now owns 36,316 shares of the company’s stock worth $1,436,000 after purchasing an additional 3,034 shares in the last quarter. Finally, OLD Mission Capital LLC increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 63.2% during the 4th quarter. OLD Mission Capital LLC now owns 33,513 shares of the company’s stock worth $1,307,000 after purchasing an additional 12,976 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Stock Up 0.4%

Shares of VanEck Rare Earth and Strategic Metals ETF stock opened at $41.86 on Friday. The stock has a market capitalization of $317.09 million, a P/E ratio of 5.66 and a beta of 1.39. The company has a 50-day simple moving average of $38.96 and a 200 day simple moving average of $39.76. VanEck Rare Earth and Strategic Metals ETF has a 12-month low of $32.36 and a 12-month high of $51.10.

About VanEck Rare Earth and 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.