VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 199.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,429 shares of the company’s stock after purchasing an additional 12,946 shares during the period. Cetera Investment Advisers owned approximately 0.29% of VanEck Rare Earth and Strategic Metals ETF worth $768,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of REMX. Janney Montgomery Scott LLC purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the first quarter valued at $245,000. Raymond James Financial Inc. acquired a new position in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at $493,000. Bank of America Corp DE increased its stake in VanEck Rare Earth and Strategic Metals ETF by 5.0% in the fourth quarter. Bank of America Corp DE now owns 82,149 shares of the company’s stock valued at $3,205,000 after purchasing an additional 3,919 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF in the first quarter valued at $1,604,000. Finally, SBI Securities Co. Ltd. increased its stake in VanEck Rare Earth and Strategic Metals ETF by 20.3% in the first quarter. SBI Securities Co. Ltd. now owns 2,719 shares of the company’s stock valued at $107,000 after purchasing an additional 459 shares during the last quarter.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

REMX stock opened at $56.79 on Friday. The firm has a market cap of $595.16 million, a P/E ratio of 5.66 and a beta of 1.39. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $32.36 and a 1 year high of $58.79. The stock has a 50-day simple moving average of $46.32 and a 200-day simple moving average of $41.73.

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.