Stevens Capital Management LP lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 70.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,918 shares of the exchange traded fund’s stock after selling 31,382 shares during the period. Stevens Capital Management LP’s holdings in VanEck Gold Miners ETF were worth $1,108,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in GDX. M&T Bank Corp grew its position in VanEck Gold Miners ETF by 7,491.6% during the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after buying an additional 1,998,748 shares during the period. Rafferty Asset Management LLC raised its position in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after acquiring an additional 1,503,884 shares during the period. Menora Mivtachim Holdings LTD. bought a new position in VanEck Gold Miners ETF in the third quarter worth approximately $70,231,000. Meitav Investment House Ltd. boosted its stake in shares of VanEck Gold Miners ETF by 3,846.2% during the 3rd quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after acquiring an additional 700,000 shares during the last quarter. Finally, Parker Investment Management LLC purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth $52,704,000.
VanEck Gold Miners ETF Price Performance
Shares of GDX stock opened at $85.81 on Wednesday. The company has a market cap of $26.44 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a 1 year low of $45.10 and a 1 year high of $117.18. The firm has a fifty day moving average price of $96.19 and a 200-day moving average price of $90.47.
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.
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