PNC Financial Services Group Inc. Reduces Stock Holdings in VanEck Rare Earth and Strategic Metals ETF $REMX

PNC Financial Services Group Inc. trimmed its holdings in shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 48.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,650 shares of the company’s stock after selling 2,500 shares during the quarter. PNC Financial Services Group Inc.’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in REMX. Transce3nd LLC purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at about $30,000. Picton Mahoney Asset Management grew its stake in VanEck Rare Earth and Strategic Metals ETF by 42.9% during the 1st quarter. Picton Mahoney Asset Management now owns 1,000 shares of the company’s stock valued at $40,000 after purchasing an additional 300 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in VanEck Rare Earth and Strategic Metals ETF by 20.3% during the 1st 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. JPMorgan Chase & Co. grew its stake in VanEck Rare Earth and Strategic Metals ETF by 944.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,871 shares of the company’s stock valued at $112,000 after purchasing an additional 2,596 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at about $245,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

VanEck Rare Earth and Strategic Metals ETF stock opened at $58.08 on Wednesday. The business’s 50-day simple moving average is $47.47 and its two-hundred day simple moving average is $42.11. The company has a market cap of $608.68 million, a PE ratio of 5.66 and a beta of 1.39. VanEck Rare Earth and Strategic Metals ETF has a fifty-two week low of $32.36 and a fifty-two week high of $59.78.

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.