Moody Aldrich Partners LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,058 shares of the exchange traded fund’s stock, valued at approximately $620,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of Nova Scotia boosted its holdings 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 buying an additional 1,987,920 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in VanEck Gold Miners ETF during the 1st quarter worth $84,873,000. Bank of America Corp DE raised its stake in VanEck Gold Miners ETF by 11.5% during the 1st quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after acquiring an additional 858,716 shares in the last quarter. IMC Chicago LLC raised its stake in VanEck Gold Miners ETF by 1,264.4% during the 1st quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock worth $64,053,000 after acquiring an additional 646,817 shares in the last quarter. Finally, New Harbor Financial Group LLC purchased a new stake in VanEck Gold Miners ETF in the third quarter valued at $51,432,000.
VanEck Gold Miners ETF Price Performance
Shares of GDX opened at $81.33 on Friday. VanEck Gold Miners ETF has a 1-year low of $68.20 and a 1-year high of $117.18. The stock has a market cap of $25.01 billion, a PE ratio of 21.70 and a beta of 0.68. The firm has a fifty day moving average price of $92.09 and a 200 day moving average price of $90.81.
VanEck Gold Miners ETF Company 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.
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