S&CO Inc. purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 42,589 shares of the exchange traded fund’s stock, valued at approximately $3,213,000.
A number of other large investors have also made changes to their positions in GDX. Caisse de depot et placement du Quebec purchased a new position in VanEck Gold Miners ETF during the 4th quarter worth $218,971,000. M&T Bank Corp increased its position in VanEck Gold Miners ETF by 7,491.6% during 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 in the last quarter. Bank of Nova Scotia raised its stake in VanEck Gold Miners ETF by 282.0% in 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. Rafferty Asset Management LLC raised its stake in VanEck Gold Miners ETF by 30.0% in 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. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in VanEck Gold Miners ETF in the fourth quarter worth about $101,981,000.
VanEck Gold Miners ETF Stock Performance
Shares of GDX stock opened at $89.97 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $56.59 and a fifty-two week high of $117.18. The firm has a market capitalization of $27.45 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The stock’s 50-day simple moving average is $78.62 and its 200-day simple moving average is $89.68.
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.
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