Sumitomo Mitsui Trust Group Inc. grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 33.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,734 shares of the exchange traded fund’s stock after acquiring an additional 19,922 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in VanEck Gold Miners ETF were worth $6,913,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of GDX. Bank of Nova Scotia grew its stake in shares of VanEck Gold Miners ETF by 282.0% in the 1st 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 period. OMERS ADMINISTRATION Corp acquired a new position in VanEck Gold Miners ETF in the first quarter valued at approximately $84,873,000. Bank of America Corp DE lifted its holdings in VanEck Gold Miners ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock valued at $765,849,000 after acquiring an additional 858,716 shares during the last quarter. IMC Chicago LLC grew its position in VanEck Gold Miners ETF by 1,264.4% in the first quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock worth $64,053,000 after acquiring an additional 646,817 shares during the period. Finally, New Harbor Financial Group LLC purchased a new position in VanEck Gold Miners ETF in the third quarter worth approximately $51,432,000.
VanEck Gold Miners ETF Trading Up 2.2%
GDX stock traded up $1.85 during midday trading on Friday, hitting $87.60. 22,755,116 shares of the company’s stock were exchanged, compared to its average volume of 24,262,369. VanEck Gold Miners ETF has a 1-year low of $69.74 and a 1-year high of $117.18. The stock has a market capitalization of $27.01 billion, a PE ratio of 21.70 and a beta of 0.70. The business has a 50-day simple moving average of $89.57 and a two-hundred day simple moving average of $90.34.
VanEck Gold Miners ETF Profile
The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.
Further Reading
- Five stocks we like better than VanEck Gold Miners ETF
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for VanEck Gold Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Gold Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.
