Quadrature Capital Ltd Acquires New Position in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX)

Quadrature Capital Ltd bought a new position in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 9,332 shares of the company’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Freemont Management S.A. raised its holdings in shares of VanEck Rare Earth/Strategic Metals ETF by 19.6% during the second quarter. Freemont Management S.A. now owns 29,899 shares of the company’s stock valued at $1,271,000 after purchasing an additional 4,900 shares during the last quarter. Walkner Condon Financial Advisors LLC raised its stake in VanEck Rare Earth/Strategic Metals ETF by 17.4% during the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 29,237 shares of the company’s stock valued at $1,243,000 after buying an additional 4,325 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of VanEck Rare Earth/Strategic Metals ETF during the 2nd quarter valued at $1,024,000. 180 Wealth Advisors LLC boosted its stake in shares of VanEck Rare Earth/Strategic Metals ETF by 22.4% in the 2nd quarter. 180 Wealth Advisors LLC now owns 23,212 shares of the company’s stock worth $1,038,000 after buying an additional 4,253 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of VanEck Rare Earth/Strategic Metals ETF by 28.4% in the third quarter. Vontobel Holding Ltd. now owns 22,600 shares of the company’s stock worth $1,042,000 after acquiring an additional 5,000 shares during the period.

VanEck Rare Earth/Strategic Metals ETF Stock Performance

REMX stock opened at $45.24 on Tuesday. The business’s 50-day moving average is $46.93 and its two-hundred day moving average is $44.22. The company has a market cap of $301.75 million, a price-to-earnings ratio of 6.14 and a beta of 1.39. VanEck Rare Earth/Strategic Metals ETF has a fifty-two week low of $36.01 and a fifty-two week high of $62.97.

About VanEck Rare Earth/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.