PNC Financial Services Group Inc. Cuts Position in VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX)

PNC Financial Services Group Inc. trimmed its holdings in shares of VanEck Rare Earth/Strategic Metals ETF (NYSEARCA:REMX) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,650 shares of the company’s stock after selling 408 shares during the period. PNC Financial Services Group Inc. owned about 0.08% of VanEck Rare Earth/Strategic Metals ETF worth $348,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. U S Global Investors Inc. purchased a new stake in shares of VanEck Rare Earth/Strategic Metals ETF during the 4th quarter valued at about $25,000. ICA Group Wealth Management LLC acquired a new position in shares of VanEck Rare Earth/Strategic Metals ETF during the fourth quarter worth $42,000. Advantage Trust Co purchased a new position in shares of VanEck Rare Earth/Strategic Metals ETF in the fourth quarter valued at $123,000. Picton Mahoney Asset Management grew its holdings in VanEck Rare Earth/Strategic Metals ETF by 47.6% during the 4th quarter. Picton Mahoney Asset Management now owns 3,100 shares of the company’s stock valued at $191,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Flagstar Advisors Inc. purchased a new stake in VanEck Rare Earth/Strategic Metals ETF during the 4th quarter worth $239,000.

VanEck Rare Earth/Strategic Metals ETF Price Performance

NYSEARCA:REMX opened at $42.52 on Friday. The firm has a 50-day moving average of $50.33 and a two-hundred day moving average of $51.79. The stock has a market cap of $283.61 million, a P/E ratio of 6.14 and a beta of 1.39. VanEck Rare Earth/Strategic Metals ETF has a 1-year low of $42.30 and a 1-year high of $88.48.

VanEck Rare Earth/Strategic Metals ETF Company 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.