VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Reaches New 1-Year High – Here’s What Happened

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $104.26 and last traded at $103.12, with a volume of 132284 shares changing hands. The stock had previously closed at $103.05.

VanEck Rare Earth and Strategic Metals ETF Trading Down 1.4%

The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 5.66 and a beta of 1.28. The company has a fifty day moving average price of $91.72 and a 200-day moving average price of $81.88.

Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF

Institutional investors have recently made changes to their positions in the company. Compound Planning Inc. acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth approximately $549,000. Avalon Capital Management acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth approximately $5,911,000. Florin Court Capital LLP acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter worth approximately $770,000. Leo Wealth LLC acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $483,000. Finally, Brookstone Capital Management acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $2,338,000.

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.