Stevens Capital Management LP Grows Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Stevens Capital Management LP increased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 576.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,100 shares of the exchange traded fund’s stock after acquiring an additional 92,131 shares during the quarter. VanEck Gold Miners ETF makes up about 0.8% of Stevens Capital Management LP’s portfolio, making the stock its 20th biggest holding. Stevens Capital Management LP’s holdings in VanEck Gold Miners ETF were worth $3,352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Investment Advisors LLC lifted its position in VanEck Gold Miners ETF by 4.8% in the third quarter. Capital Investment Advisors LLC now owns 11,077 shares of the exchange traded fund’s stock valued at $298,000 after buying an additional 503 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of VanEck Gold Miners ETF by 3.1% during the third quarter. DAVENPORT & Co LLC now owns 63,643 shares of the exchange traded fund’s stock worth $1,713,000 after buying an additional 1,919 shares during the period. CX Institutional purchased a new position in VanEck Gold Miners ETF in the third quarter valued at approximately $12,700,000. Whitcomb & Hess Inc. increased its stake in VanEck Gold Miners ETF by 2.2% in the third quarter. Whitcomb & Hess Inc. now owns 226,738 shares of the exchange traded fund’s stock valued at $6,102,000 after purchasing an additional 4,796 shares during the last quarter. Finally, Bridge Advisory LLC increased its stake in VanEck Gold Miners ETF by 5.3% in the third quarter. Bridge Advisory LLC now owns 291,597 shares of the exchange traded fund’s stock valued at $7,847,000 after purchasing an additional 14,693 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX traded up $0.25 during mid-day trading on Friday, reaching $34.58. 21,676,172 shares of the company’s stock were exchanged, 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 stock has a market capitalization of $14.46 billion, a PE ratio of 28.20 and a beta of 0.81. The business’s fifty day simple moving average is $30.50 and its 200-day simple moving average is $29.59.

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.