Simplex Trading LLC bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 247,615 shares of the exchange traded fund’s stock, valued at approximately $21,238,000.
A number of other hedge funds have also recently modified their holdings of GDX. M&T Bank Corp grew its stake in shares of 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 last quarter. Rafferty Asset Management LLC grew its stake in shares of VanEck Gold Miners ETF by 30.0% during the second 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 during the last quarter. Menora Mivtachim Holdings LTD. bought a new position in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $70,231,000. Invesco Ltd. bought a new position in VanEck Gold Miners ETF in the second quarter worth approximately $31,236,000. Finally, Rit Capital Partners PLC grew its stake in VanEck Gold Miners ETF by 74.7% in the fourth quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock worth $102,679,000 after purchasing an additional 512,000 shares in the last quarter.
VanEck Gold Miners ETF Stock Down 4.9%
Shares of NYSEARCA:GDX opened at $73.81 on Thursday. VanEck Gold Miners ETF has a 52-week low of $50.32 and a 52-week high of $117.18. The stock has a market cap of $22.74 billion, a P/E ratio of 21.70 and a beta of 0.60. The business’s 50 day moving average is $90.83 and its 200 day moving average is $92.86.
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.
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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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