Mainstay Capital Management LLC ADV Raises Position in VanEck Gold Miners ETF $GDX

Mainstay Capital Management LLC ADV boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1,485.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 294,868 shares of the exchange traded fund’s stock after buying an additional 276,270 shares during the quarter. VanEck Gold Miners ETF comprises approximately 1.9% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 14th biggest holding. Mainstay Capital Management LLC ADV’s holdings in VanEck Gold Miners ETF were worth $25,291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rafferty Asset Management LLC lifted its stake in VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after buying an additional 1,503,884 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of VanEck Gold Miners ETF by 2.4% in the third quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock valued at $82,336,000 after buying an additional 25,688 shares during the last quarter. Ion Asset Management Ltd. raised its position in shares of VanEck Gold Miners ETF by 0.5% in the second quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock valued at $50,965,000 after buying an additional 4,420 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in shares of VanEck Gold Miners ETF in the third quarter valued at about $70,231,000. Finally, Vanderbilt University raised its position in shares of VanEck Gold Miners ETF by 0.7% in the fourth quarter. Vanderbilt University now owns 819,795 shares of the exchange traded fund’s stock valued at $70,314,000 after buying an additional 5,790 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 2.7%

Shares of NYSEARCA GDX opened at $100.34 on Friday. The firm has a 50-day simple moving average of $98.52 and a 200-day simple moving average of $89.43. The stock has a market capitalization of $31.16 billion, a price-to-earnings ratio of 21.70 and a beta of 0.71. VanEck Gold Miners ETF has a 52 week low of $45.10 and a 52 week high of $117.18.

VanEck Gold Miners ETF Company 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.