Avantax Advisory Services Inc. Sells 4,859 Shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX)

Avantax Advisory Services Inc. lessened its position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 26.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,500 shares of the company’s stock after selling 4,859 shares during the quarter. Avantax Advisory Services Inc. owned 0.20% of VanEck Rare Earth and Strategic Metals ETF worth $534,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at about $493,000. JPMorgan Chase & Co. raised its holdings in VanEck Rare Earth and Strategic Metals ETF by 944.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,871 shares of the company’s stock worth $112,000 after purchasing an additional 2,596 shares in the last quarter. Mariner LLC lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 11.8% during the fourth quarter. Mariner LLC now owns 7,493 shares of the company’s stock valued at $292,000 after buying an additional 790 shares during the last quarter. Transce3nd LLC bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at about $30,000. Finally, Bank of America Corp DE boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 5.0% in the 4th quarter. Bank of America Corp DE now owns 82,149 shares of the company’s stock valued at $3,205,000 after buying an additional 3,919 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Trading Up 1.3%

Shares of REMX opened at $51.59 on Wednesday. VanEck Rare Earth and Strategic Metals ETF has a 12 month low of $32.36 and a 12 month high of $55.28. The stock has a fifty day moving average price of $43.77 and a 200-day moving average price of $41.08. The firm has a market cap of $463.02 million, a PE ratio of 5.66 and a beta of 1.39.

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.