630,619 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Purchased by Simplex Trading LLC

Simplex Trading LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 630,619 shares of the exchange traded fund’s stock, valued at approximately $19,555,000. Simplex Trading LLC owned about 0.16% of VanEck Gold Miners ETF as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Stevens Capital Management LP grew its stake in VanEck Gold Miners ETF by 576.9% during the 4th quarter. Stevens Capital Management LP now owns 108,100 shares of the exchange traded fund’s stock valued at $3,352,000 after acquiring an additional 92,131 shares in the last quarter. Syon Capital LLC grew its stake in VanEck Gold Miners ETF by 48.5% during the 4th quarter. Syon Capital LLC now owns 46,054 shares of the exchange traded fund’s stock valued at $1,428,000 after acquiring an additional 15,042 shares in the last quarter. Stack Financial Management Inc grew its stake in VanEck Gold Miners ETF by 7.9% during the 4th quarter. Stack Financial Management Inc now owns 27,431 shares of the exchange traded fund’s stock valued at $851,000 after acquiring an additional 2,016 shares in the last quarter. Acas LLC purchased a new stake in VanEck Gold Miners ETF during the 4th quarter valued at about $215,000. Finally, Glenorchy Capital Ltd purchased a new stake in VanEck Gold Miners ETF during the 4th quarter valued at about $3,346,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX traded up $0.25 during trading hours on Friday, hitting $34.58. 21,749,635 shares of the company’s stock traded hands, compared to its average volume of 26,221,467. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $36.26. The company has a market capitalization of $14.46 billion, a PE ratio of 28.20 and a beta of 0.81. The firm’s 50-day moving average is $30.65 and its 200-day moving average is $29.64.

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.