VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) Sees Strong Trading Volume

Shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX – Get Rating) saw unusually-strong trading volume on Friday . Approximately 129,952 shares were traded during trading, an increase of 51% from the previous session’s volume of 86,095 shares.The stock last traded at $74.50 and had previously closed at $75.06.

VanEck Rare Earth/Strategic Metals ETF Trading Down 0.5 %

The company has a market capitalization of $607.47 million, a P/E ratio of 13.86 and a beta of 1.27. The firm’s 50 day moving average price is $87.22 and its two-hundred day moving average price is $87.98.

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

Several large investors have recently made changes to their positions in the stock. OLD Mission Capital LLC boosted its holdings in shares of VanEck Rare Earth/Strategic Metals ETF by 762.9% in the 4th quarter. OLD Mission Capital LLC now owns 105,013 shares of the company’s stock valued at $7,998,000 after buying an additional 92,843 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new stake in shares of VanEck Rare Earth/Strategic Metals ETF in the 4th quarter valued at approximately $102,000. IHT Wealth Management LLC boosted its holdings in shares of VanEck Rare Earth/Strategic Metals ETF by 19.0% in the 4th quarter. IHT Wealth Management LLC now owns 6,612 shares of the company’s stock valued at $504,000 after buying an additional 1,058 shares during the last quarter. Claraphi Advisory Network LLC boosted its holdings in shares of VanEck Rare Earth/Strategic Metals ETF by 12.3% in the 4th quarter. Claraphi Advisory Network LLC now owns 5,426 shares of the company’s stock valued at $413,000 after buying an additional 596 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of VanEck Rare Earth/Strategic Metals ETF in the 4th quarter valued at approximately $8,050,000.

VanEck Rare Earth/Strategic Metals ETF Company Profile

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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.