Fielder Capital Group LLC Makes New Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Fielder Capital Group LLC bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, HoldingsChannel reports. The fund bought 175,211 shares of the exchange traded fund’s stock, valued at approximately $5,433,000. VanEck Gold Miners ETF accounts for about 3.3% of Fielder Capital Group LLC’s holdings, making the stock its 7th biggest holding.

A number of other hedge funds have also made changes to their positions in GDX. Morgan Stanley lifted its position in shares of VanEck Gold Miners ETF by 4.3% during the third quarter. Morgan Stanley now owns 11,073,715 shares of the exchange traded fund’s stock worth $297,994,000 after purchasing an additional 460,687 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in VanEck Gold Miners ETF by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock worth $255,051,000 after buying an additional 1,920,723 shares in the last quarter. Rafferty Asset Management LLC boosted its position in VanEck Gold Miners ETF by 6.5% in the 3rd quarter. Rafferty Asset Management LLC now owns 8,108,154 shares of the exchange traded fund’s stock valued at $218,190,000 after buying an additional 493,627 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of VanEck Gold Miners ETF by 31.5% in the 3rd quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock valued at $83,028,000 after buying an additional 738,786 shares during the period. Finally, Desjardins Global Asset Management Inc. raised its position in shares of VanEck Gold Miners ETF by 705.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock worth $63,204,000 after acquiring an additional 1,785,137 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 0.1 %

VanEck Gold Miners ETF stock traded down $0.04 during mid-day trading on Tuesday, hitting $34.17. The stock had a trading volume of 9,492,352 shares, compared to its average volume of 26,025,508. The stock has a 50-day simple moving average of $31.51 and a two-hundred day simple moving average of $29.86. The stock has a market capitalization of $13.66 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $35.81.

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.