L1 Global Manager Pty Ltd bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 40,000 shares of the exchange traded fund’s stock, valued at approximately $3,431,000. VanEck Gold Miners ETF makes up about 2.3% of L1 Global Manager Pty Ltd’s investment portfolio, making the stock its 8th largest position.
Other large investors have also recently bought and sold shares of the company. Eukles Asset Management bought a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $27,000. Morton Brown Family Wealth LLC bought a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $36,000. Family Management Corp bought a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $38,000. Hantz Financial Services Inc. increased its stake in VanEck Gold Miners ETF by 298.2% in the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 337 shares in the last quarter. Finally, Greykasell Wealth Strategies Inc. bought a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $51,000.
VanEck Gold Miners ETF Stock Performance
Shares of NYSEARCA:GDX opened at $80.03 on Friday. VanEck Gold Miners ETF has a 52 week low of $50.32 and a 52 week high of $117.18. The company has a market capitalization of $24.66 billion, a PE ratio of 21.70 and a beta of 0.60. The company has a 50 day moving average price of $90.23 and a two-hundred day moving average price of $92.79.
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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