Mainstay Capital Management LLC ADV Takes Position in VanEck Gold Miners ETF $GDX

Mainstay Capital Management LLC ADV purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,598 shares of the exchange traded fund’s stock, valued at approximately $1,421,000.

A number of other large investors have also modified their holdings of the company. Rafferty Asset Management LLC lifted its position in 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 valued at $338,966,000 after purchasing an additional 1,503,884 shares during the last quarter. JPMorgan Chase & Co. grew its position in VanEck Gold Miners ETF by 766.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock worth $207,091,000 after purchasing an additional 4,574,598 shares during the last quarter. Slate Path Capital LP acquired a new stake in shares of VanEck Gold Miners ETF in the second quarter valued at approximately $123,070,000. Pureheart Capital Pte Ltd. increased its stake in shares of VanEck Gold Miners ETF by 1.4% in the second quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock valued at $69,708,000 after purchasing an additional 19,000 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of VanEck Gold Miners ETF by 2.4% during the third quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock valued at $82,336,000 after buying an additional 25,688 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 6.2%

Shares of NYSEARCA GDX opened at $88.11 on Thursday. The stock has a 50 day simple moving average of $101.84 and a 200-day simple moving average of $86.00. The company has a market cap of $26.89 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12-month low of $40.26 and a 12-month high of $117.18.

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.