United Capital Management of KS Inc. purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,522 shares of the exchange traded fund’s stock, valued at approximately $1,246,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. M&T Bank Corp grew its holdings in VanEck Gold Miners ETF by 7,491.6% in the 4th 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 period. Rafferty Asset Management LLC grew its holdings 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 during the period. Menora Mivtachim Holdings LTD. purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at about $70,231,000. Invesco Ltd. purchased a new stake in VanEck Gold Miners ETF in the 2nd quarter valued at about $31,236,000. Finally, Capital Markets Trading UK LLP grew its holdings in VanEck Gold Miners ETF by 115.9% in the 4th quarter. Capital Markets Trading UK LLP now owns 79,519 shares of the exchange traded fund’s stock valued at $6,820,000 after buying an additional 580,472 shares during the period.
VanEck Gold Miners ETF Price Performance
GDX opened at $80.03 on Friday. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. The business has a 50-day moving average of $90.23 and a two-hundred day moving average of $92.79. VanEck Gold Miners ETF has a 12 month low of $50.32 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.
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