VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its holdings in shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) by 54.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,689 shares of the company’s stock after selling 72,771 shares during the quarter. Millennium Management LLC’s holdings in VanEck Rare Earth/Strategic Metals ETF were worth $2,623,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Flagstar Advisors Inc. grew its holdings in VanEck Rare Earth/Strategic Metals ETF by 67.1% in the 1st quarter. Flagstar Advisors Inc. now owns 6,480 shares of the company’s stock valued at $333,000 after buying an additional 2,601 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in VanEck Rare Earth/Strategic Metals ETF by 30.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 14,513 shares of the company’s stock valued at $745,000 after buying an additional 3,387 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in VanEck Rare Earth/Strategic Metals ETF by 10.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 18,126 shares of the company’s stock valued at $771,000 after buying an additional 1,759 shares in the last quarter. Concourse Financial Group Securities Inc. grew its holdings in VanEck Rare Earth/Strategic Metals ETF by 16.0% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 16,085 shares of the company’s stock valued at $826,000 after buying an additional 2,221 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its holdings in VanEck Rare Earth/Strategic Metals ETF by 44.7% in the 1st quarter. 180 Wealth Advisors LLC now owns 18,959 shares of the company’s stock valued at $974,000 after buying an additional 5,857 shares in the last quarter.

VanEck Rare Earth/Strategic Metals ETF Trading Down 2.8 %

NYSEARCA REMX opened at $46.32 on Wednesday. The stock has a market cap of $308.95 million, a PE ratio of 6.14 and a beta of 1.39. VanEck Rare Earth/Strategic Metals ETF has a twelve month low of $36.01 and a twelve month high of $63.88. The stock has a fifty day simple moving average of $41.42 and a 200-day simple moving average of $45.90.

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.