Florin Court Capital LLP Takes $770,000 Position in VanEck Rare Earth and Strategic Metals ETF $REMX

Florin Court Capital LLP purchased a new position in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,700 shares of the company’s stock, valued at approximately $770,000. Florin Court Capital LLP owned about 0.06% of VanEck Rare Earth and Strategic Metals ETF at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of REMX. Bank of America Corp DE boosted its position in VanEck Rare Earth and Strategic Metals ETF by 183.3% in the second quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock worth $10,271,000 after purchasing an additional 163,753 shares during the last quarter. Avalon Capital Management bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth approximately $5,911,000. Jane Street Group LLC boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 93.5% in the second quarter. Jane Street Group LLC now owns 73,730 shares of the company’s stock worth $2,992,000 after buying an additional 35,635 shares during the last quarter. Ashford Capital Management Inc. bought a new stake in VanEck Rare Earth and Strategic Metals ETF during the second quarter valued at approximately $2,691,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the second quarter valued at approximately $2,301,000.

VanEck Rare Earth and Strategic Metals ETF Trading Up 0.7%

REMX opened at $97.61 on Wednesday. VanEck Rare Earth and Strategic Metals ETF has a 1-year low of $32.36 and a 1-year high of $102.40. The company has a market capitalization of $2.54 billion, a PE ratio of 5.66 and a beta of 1.41. The firm’s 50 day simple moving average is $78.81 and its two-hundred day simple moving average is $68.21.

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.