Menora Mivtachim Holdings LTD. Acquires New Stake in VanEck Gold Miners ETF $GDX

Menora Mivtachim Holdings LTD. bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 919,250 shares of the exchange traded fund’s stock, valued at approximately $70,231,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of VanEck Gold Miners ETF by 766.7% during the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock worth $207,091,000 after buying an additional 4,574,598 shares during the period. Slate Path Capital LP bought a new stake in VanEck Gold Miners ETF in the 2nd quarter valued at approximately $123,070,000. Rafferty Asset Management LLC boosted its position in VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after acquiring an additional 1,503,884 shares during the last quarter. Meitav Investment House Ltd. grew its stake in shares of VanEck Gold Miners ETF by 3,846.2% during the 3rd quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after acquiring an additional 700,000 shares in the last quarter. Finally, Parker Investment Management LLC bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth approximately $52,704,000.

VanEck Gold Miners ETF Stock Down 2.0%

Shares of GDX stock opened at $99.30 on Friday. VanEck Gold Miners ETF has a 12 month low of $40.26 and a 12 month high of $117.18. The company’s fifty day simple moving average is $101.60 and its 200-day simple moving average is $84.98. The firm has a market cap of $30.30 billion, a PE ratio of 21.70 and a beta of 0.55.

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.