Barings LLC Acquires 59,934 Shares of VanEck Gold Miners ETF $GDX

Barings LLC lifted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 738.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,047 shares of the exchange traded fund’s stock after acquiring an additional 59,934 shares during the quarter. Barings LLC’s holdings in VanEck Gold Miners ETF were worth $5,836,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GDX. Constant Guidance Financial LLC bought a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at $1,433,000. Advisory Alpha LLC bought a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at $848,000. Vestmark Advisory Solutions Inc. bought a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at $3,649,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 15.6% in 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 purchasing an additional 4,778 shares during the period.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $77.72 on Friday. The stock has a fifty day moving average price of $90.55 and a 200-day moving average price of $92.88. The company has a market cap of $23.95 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a fifty-two week low of $50.32 and a fifty-two week high of $117.18.

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.