VanEck Gold Miners ETF $GDX Shares Acquired by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 96.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,204 shares of the exchange traded fund’s stock after buying an additional 12,375 shares during the period. J. Safra Sarasin Holding AG’s holdings in VanEck Gold Miners ETF were worth $2,313,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GDX. Princeton Global Asset Management LLC bought a new stake in VanEck Gold Miners ETF during the 1st quarter valued at $27,000. Eukles Asset Management bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth $27,000. Bayban acquired a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $27,000. Evolution Wealth Management Inc. acquired a new position in shares of VanEck Gold Miners ETF during the first quarter valued at $33,000. Finally, Morton Brown Family Wealth LLC bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at about $36,000.

VanEck Gold Miners ETF Stock Down 2.9%

GDX stock opened at $73.37 on Tuesday. The company has a market capitalization of $22.39 billion, a P/E ratio of 21.70 and a beta of 0.65. The company has a 50-day simple moving average of $83.15 and a 200 day simple moving average of $92.10. VanEck Gold Miners ETF has a fifty-two week low of $50.44 and a fifty-two week high of $117.18.

About VanEck Gold Miners ETF

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.