Picton Mahoney Asset Management Reduces Holdings in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX)

Picton Mahoney Asset Management decreased its position in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) by 53.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 700 shares of the company’s stock after selling 800 shares during the period. Picton Mahoney Asset Management’s holdings in VanEck Rare Earth/Strategic Metals ETF were worth $27,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in REMX. Empirical Asset Management LLC acquired a new position in shares of VanEck Rare Earth/Strategic Metals ETF in the 4th quarter worth approximately $1,042,000. 3EDGE Asset Management LP acquired a new position in shares of VanEck Rare Earth/Strategic Metals ETF in the 4th quarter worth approximately $508,000. Raymond James Financial Inc. acquired a new position in shares of VanEck Rare Earth/Strategic Metals ETF in the 4th quarter worth approximately $493,000. Hansen & Associates Financial Group Inc. acquired a new position in shares of VanEck Rare Earth/Strategic Metals ETF in the 4th quarter worth approximately $491,000. Finally, Quadrature Capital Ltd acquired a new position in shares of VanEck Rare Earth/Strategic Metals ETF in the 3rd quarter worth approximately $432,000.

VanEck Rare Earth/Strategic Metals ETF Stock Up 3.1 %

VanEck Rare Earth/Strategic Metals ETF stock opened at $44.12 on Tuesday. The firm has a market cap of $258.98 million, a PE ratio of 21.03 and a beta of 1.38. VanEck Rare Earth/Strategic Metals ETF has a 52-week low of $36.01 and a 52-week high of $57.05. The company’s 50 day moving average is $41.31 and its two-hundred day moving average is $43.01.

VanEck Rare Earth/Strategic Metals ETF Profile

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.