MH & Associates Securities Management Corp ADV Takes Position in VanEck Gold Miners ETF $GDX

MH & Associates Securities Management Corp ADV acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 38,047 shares of the exchange traded fund’s stock, valued at approximately $3,263,000. VanEck Gold Miners ETF accounts for 2.7% of MH & Associates Securities Management Corp ADV’s portfolio, making the stock its 14th biggest position.

Other large investors also recently modified their holdings of the company. Rafferty Asset Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 30.0% in 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 purchasing an additional 1,503,884 shares during the last quarter. Slate Path Capital LP bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $123,070,000. Pureheart Capital Pte Ltd. grew its holdings in shares of VanEck Gold Miners ETF by 1.4% in the 2nd quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock worth $69,708,000 after purchasing an additional 19,000 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of VanEck Gold Miners ETF by 2.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock worth $82,336,000 after purchasing an additional 25,688 shares during the last quarter. Finally, Ion Asset Management Ltd. grew its holdings in shares of VanEck Gold Miners ETF by 0.5% in the 2nd quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock worth $50,965,000 after purchasing an additional 4,420 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX opened at $98.18 on Thursday. The firm’s 50-day simple moving average is $98.33 and its 200-day simple moving average is $88.23. VanEck Gold Miners ETF has a twelve month low of $42.76 and a twelve month high of $117.18. The firm has a market cap of $30.34 billion, a price-to-earnings ratio of 21.70 and a beta of 0.63.

VanEck Gold Miners ETF Company 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.