Baldwin Wealth Partners LLC MA purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 23,637 shares of the exchange traded fund’s stock, valued at approximately $2,075,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Nova Scotia raised its stake in VanEck Gold Miners ETF by 282.0% during the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after buying an additional 1,987,920 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in VanEck Gold Miners ETF in the first quarter worth $84,873,000. Bank of America Corp DE boosted its holdings in VanEck Gold Miners ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after acquiring an additional 858,716 shares in the last quarter. IMC Chicago LLC grew its stake in shares of VanEck Gold Miners ETF by 1,264.4% in the first quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock worth $64,053,000 after acquiring an additional 646,817 shares during the last quarter. Finally, Capital Markets Trading UK LLP grew its stake in shares of VanEck Gold Miners ETF by 115.9% in the fourth quarter. Capital Markets Trading UK LLP now owns 79,519 shares of the exchange traded fund’s stock worth $6,820,000 after acquiring an additional 580,472 shares during the last quarter.
VanEck Gold Miners ETF Price Performance
Shares of NYSEARCA:GDX opened at $88.53 on Tuesday. VanEck Gold Miners ETF has a 1-year low of $68.13 and a 1-year high of $117.18. The business has a fifty day moving average price of $93.42 and a 200-day moving average price of $87.81. The company has a market capitalization of $26.52 billion, a PE ratio of 21.70 and a beta of 0.68.
About VanEck Gold Miners ETF
The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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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