VanEck Gold Miners ETF $GDX Shares Bought by M&T Bank Corp

M&T Bank Corp boosted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 7,491.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,025,428 shares of the exchange traded fund’s stock after acquiring an additional 1,998,748 shares during the period. M&T Bank Corp’s holdings in VanEck Gold Miners ETF were worth $173,721,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC raised its position in VanEck Gold Miners ETF by 114.2% during the fourth quarter. Salomon & Ludwin LLC now owns 2,763 shares of the exchange traded fund’s stock worth $244,000 after acquiring an additional 1,473 shares during the last quarter. Penobscot Investment Management Company Inc. acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth about $367,000. Round Rock Advisors LLC raised its position in VanEck Gold Miners ETF by 32.3% during the fourth quarter. Round Rock Advisors LLC now owns 8,857 shares of the exchange traded fund’s stock worth $760,000 after acquiring an additional 2,164 shares during the last quarter. 55 North Private Wealth LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth about $278,000. Finally, Revisor Wealth Management LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth about $317,000.

VanEck Gold Miners ETF Trading Down 6.2%

Shares of GDX opened at $92.99 on Wednesday. The stock has a market cap of $28.87 billion, a P/E ratio of 21.70 and a beta of 0.71. The company has a 50-day moving average of $98.25 and a two-hundred day moving average of $89.79. VanEck Gold Miners ETF has a 12-month low of $45.10 and a 12-month high of $117.18.

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.