Rit Capital Partners PLC Has $102.68 Million Position in VanEck Gold Miners ETF $GDX

Rit Capital Partners PLC raised its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 74.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,197,000 shares of the exchange traded fund’s stock after purchasing an additional 512,000 shares during the period. VanEck Gold Miners ETF accounts for 23.0% of Rit Capital Partners PLC’s investment portfolio, making the stock its biggest position. Rit Capital Partners PLC owned about 0.39% of VanEck Gold Miners ETF worth $102,679,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GDX. Constant Guidance Financial LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $1,433,000. Advisory Alpha LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $848,000. Vestmark Advisory Solutions Inc. purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $3,649,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of VanEck Gold Miners ETF by 15.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock valued at $2,706,000 after buying an additional 4,778 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $85.02 on Friday. The firm’s fifty day moving average price is $91.80 and its 200-day moving average price is $91.84. The stock has a market cap of $26.19 billion, a P/E ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a fifty-two week low of $49.34 and a fifty-two week high of $117.18.

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.