Farther Finance Advisors LLC Has $147,000 Holdings in VanEck Rare Earth and Strategic Metals ETF $REMX

Farther Finance Advisors LLC lifted its holdings in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) by 1,596.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,613 shares of the company’s stock after acquiring an additional 3,400 shares during the quarter. Farther Finance Advisors LLC’s holdings in VanEck Rare Earth and Strategic Metals ETF were worth $147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Comerica Bank acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth $30,000. Picton Mahoney Asset Management lifted its holdings 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 worth $40,000 after buying an additional 300 shares in the last quarter. Banque Transatlantique SA acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth $77,000. AlphaCore Capital LLC acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth $100,000. Finally, SBI Securities Co. Ltd. lifted its holdings 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 worth $107,000 after buying an additional 459 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

NYSEARCA:REMX opened at $69.35 on Friday. The stock’s fifty day moving average price is $59.07 and its two-hundred day moving average price is $46.66. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $32.36 and a 52-week high of $70.12. The company has a market cap of $726.79 million, a price-to-earnings 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.