Acas LLC Makes New Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Acas LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,924 shares of the exchange traded fund’s stock, valued at approximately $215,000.

A number of other institutional investors also recently modified their holdings of the company. Theory Financial LLC increased its position in shares of VanEck Gold Miners ETF by 20.4% during the 3rd quarter. Theory Financial LLC now owns 122,839 shares of the exchange traded fund’s stock valued at $3,306,000 after purchasing an additional 20,837 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $33,675,000. Capital Investment Advisors LLC boosted its position in shares of VanEck Gold Miners ETF by 14.3% during the 4th quarter. Capital Investment Advisors LLC now owns 12,661 shares of the exchange traded fund’s stock valued at $393,000 after acquiring an additional 1,584 shares during the last quarter. Chevy Chase Trust Holdings LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $13,822,000. Finally, Hudson Bay Capital Management LP raised its holdings in shares of VanEck Gold Miners ETF by 29.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 32,250 shares of the exchange traded fund’s stock valued at $868,000 after buying an additional 7,250 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 2.8 %

GDX stock traded up $0.93 during midday trading on Thursday, hitting $34.05. The company had a trading volume of 14,594,745 shares, compared to its average volume of 25,813,180. VanEck Gold Miners ETF has a 52 week low of $25.62 and a 52 week high of $36.26. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 28.20 and a beta of 0.81. The stock’s 50 day moving average price is $30.35 and its 200 day moving average price is $29.56.

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.