Sowell Financial Services LLC Sells 11,100 Shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX)

Sowell Financial Services LLC cut its stake in shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,350 shares of the company’s stock after selling 11,100 shares during the quarter. Sowell Financial Services LLC owned approximately 0.46% of VanEck Rare Earth/Strategic Metals ETF worth $1,184,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in VanEck Rare Earth/Strategic Metals ETF during the 4th quarter valued at about $88,000. Quadrature Capital Ltd acquired a new stake in shares of VanEck Rare Earth/Strategic Metals ETF during the third quarter worth approximately $432,000. Flagstar Advisors Inc. raised its stake in shares of VanEck Rare Earth/Strategic Metals ETF by 7.1% in the third quarter. Flagstar Advisors Inc. now owns 9,958 shares of the company’s stock valued at $459,000 after acquiring an additional 662 shares during the last quarter. Hansen & Associates Financial Group Inc. bought a new stake in VanEck Rare Earth/Strategic Metals ETF during the 4th quarter worth approximately $491,000. Finally, Raymond James Financial Inc. acquired a new stake in VanEck Rare Earth/Strategic Metals ETF during the 4th quarter valued at $493,000.

VanEck Rare Earth/Strategic Metals ETF Stock Performance

Shares of REMX opened at $40.78 on Tuesday. The company has a market cap of $235.30 million, a price-to-earnings ratio of 19.59 and a beta of 1.38. The stock has a fifty day moving average price of $41.05 and a two-hundred day moving average price of $42.94. VanEck Rare Earth/Strategic Metals ETF has a 52-week low of $36.01 and a 52-week high of $57.05.

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.