Riggs Asset Managment Co. Inc. Increases Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Riggs Asset Managment Co. Inc. boosted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 25,118.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,875 shares of the exchange traded fund’s stock after buying an additional 129,360 shares during the period. VanEck Gold Miners ETF makes up approximately 1.4% of Riggs Asset Managment Co. Inc.’s investment portfolio, making the stock its 29th largest holding. Riggs Asset Managment Co. Inc.’s holdings in VanEck Gold Miners ETF were worth $5,172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in shares of 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 valued at $512,530,000 after acquiring an additional 14,046,913 shares during the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in VanEck Gold Miners ETF in the first quarter valued at $104,346,000. National Bank of Canada FI grew its position in VanEck Gold Miners ETF by 89.0% during the 2nd 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 during the period. Strategic Financial Concepts LLC raised its stake in shares of 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 valued at $58,333,000 after buying an additional 1,673,315 shares during the last quarter. Finally, Blackstone Inc. acquired a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $41,106,000.

VanEck Gold Miners ETF Stock Down 1.4 %

VanEck Gold Miners ETF stock opened at $41.56 on Monday. The business’s 50-day moving average price is $39.78 and its 200 day moving average price is $36.88. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22.

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.