Two Sigma Investments LP Acquires 1,567,800 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Two Sigma Investments LP grew its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 68.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,851,200 shares of the exchange traded fund’s stock after purchasing an additional 1,567,800 shares during the period. Two Sigma Investments LP’s holdings in VanEck Gold Miners ETF were worth $130,594,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GDX. Atomi Financial Group Inc. lifted its position in VanEck Gold Miners ETF by 5.5% in the 4th quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 462 shares during the last quarter. Tandem Financial LLC bought a new stake in VanEck Gold Miners ETF in the 4th quarter worth approximately $7,621,000. Van ECK Associates Corp lifted its position in VanEck Gold Miners ETF by 22.6% in the 4th quarter. Van ECK Associates Corp now owns 39,147 shares of the exchange traded fund’s stock worth $1,327,000 after buying an additional 7,212 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in VanEck Gold Miners ETF by 26.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,000 shares of the exchange traded fund’s stock worth $1,385,000 after buying an additional 8,500 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in VanEck Gold Miners ETF by 7.1% in the 4th quarter. Principal Securities Inc. now owns 12,329 shares of the exchange traded fund’s stock worth $418,000 after buying an additional 819 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $46.33 on Monday. The business has a 50 day moving average of $46.79 and a 200 day moving average of $41.07. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 19.65 and a beta of 0.57. VanEck Gold Miners ETF has a 1-year low of $32.84 and a 1-year high of $53.25.

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.