Crescent Grove Advisors LLC bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,374 shares of the exchange traded fund’s stock, valued at approximately $214,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Jane Street Group LLC grew its stake in VanEck Gold Miners ETF by 649.7% in the 1st quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock worth $512,530,000 after acquiring an additional 14,046,913 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $104,346,000. National Bank of Canada FI grew its stake in VanEck Gold Miners ETF by 89.0% in the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock worth $132,617,000 after purchasing an additional 1,842,885 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in VanEck Gold Miners ETF by 3,646.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock worth $58,333,000 after purchasing an additional 1,673,315 shares during the period. Finally, Blackstone Inc. bought a new stake in VanEck Gold Miners ETF during the 1st quarter valued at $41,106,000.
VanEck Gold Miners ETF Trading Down 3.6 %
GDX opened at $38.65 on Thursday. The company has a market capitalization of $15.45 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The business’s fifty day simple moving average is $39.98 and its 200-day simple moving average is $37.23.
VanEck Gold Miners ETF 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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