Sanders Morris Harris LLC Takes Position in VanEck Gold Miners ETF $GDX

Sanders Morris Harris LLC bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,500 shares of the exchange traded fund’s stock, valued at approximately $867,000. VanEck Gold Miners ETF comprises about 1.3% of Sanders Morris Harris LLC’s portfolio, making the stock its 6th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of 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 valued at $207,091,000 after purchasing an additional 4,574,598 shares during the period. Slate Path Capital LP acquired a new stake in VanEck Gold Miners ETF during the 2nd quarter worth about $123,070,000. Rafferty Asset Management LLC raised its holdings 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 buying an additional 1,503,884 shares during the period. Menora Mivtachim Holdings LTD. purchased a new stake in VanEck Gold Miners ETF during the third quarter valued at about $70,231,000. Finally, Meitav Investment House Ltd. lifted its stake in VanEck Gold Miners ETF by 3,846.2% during the third quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock valued at $54,725,000 after buying an additional 700,000 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $80.12 on Friday. The company has a 50-day moving average of $101.42 and a two-hundred day moving average of $86.25. The stock has a market cap of $24.45 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a one year low of $40.26 and a one year 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.