Van ECK Associates Corp Acquires 7,212 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Van ECK Associates Corp boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,147 shares of the exchange traded fund’s stock after purchasing an additional 7,212 shares during the quarter. Van ECK Associates Corp’s holdings in VanEck Gold Miners ETF were worth $1,327,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Atomi Financial Group Inc. increased its holdings in shares of VanEck Gold Miners ETF by 5.5% during the fourth quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 462 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 12.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock valued at $390,000 after acquiring an additional 1,301 shares in the last quarter. Tandem Financial LLC bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $7,621,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of VanEck Gold Miners ETF by 26.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,000 shares of the exchange traded fund’s stock valued at $1,385,000 after acquiring an additional 8,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $438,000.

VanEck Gold Miners ETF Stock Down 3.4 %

NYSEARCA GDX opened at $40.80 on Friday. The company has a market cap of $16.31 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22. The business has a 50 day moving average price of $37.54 and a 200-day moving average price of $38.39.

VanEck Gold Miners ETF Profile

The Fund seeks to match as closely as possible the price and yield performance of the AMEX Gold Miners Index. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of stocks that generally replicate the Index.