Nan Shan Life Insurance Co. Ltd. Has $5.62 Million Stock Position in VanEck Gold Miners ETF $GDX

Nan Shan Life Insurance Co. Ltd. reduced its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 87.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 74,528 shares of the exchange traded fund’s stock after selling 511,852 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in VanEck Gold Miners ETF were worth $5,623,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Caisse de depot et placement du Quebec acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth about $218,971,000. Bank of Nova Scotia boosted its stake in shares of VanEck Gold Miners ETF by 282.0% in the 1st quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after purchasing an additional 1,987,920 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in VanEck Gold Miners ETF during the 4th quarter worth approximately $101,981,000. Finally, OMERS ADMINISTRATION Corp bought a new position in VanEck Gold Miners ETF in the 1st quarter valued at approximately $84,873,000.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX opened at $94.67 on Wednesday. The firm’s fifty day moving average price is $83.02 and its two-hundred day moving average price is $89.36. The stock has a market cap of $28.88 billion, a PE ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a fifty-two week low of $63.20 and a fifty-two week high of $117.18.

VanEck Gold Miners ETF Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.