P Schoenfeld Asset Management LP Purchases Shares of 75,000 VanEck Gold Miners ETF $GDX

P Schoenfeld Asset Management LP acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 75,000 shares of the exchange traded fund’s stock, valued at approximately $6,433,000. VanEck Gold Miners ETF makes up approximately 2.3% of P Schoenfeld Asset Management LP’s portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GDX. Constant Guidance Financial LLC acquired a new position in VanEck Gold Miners ETF in the third quarter valued at approximately $1,433,000. Advisory Alpha LLC bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $455,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $3,649,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $848,000. Finally, Redhawk Wealth Advisors Inc. boosted its stake in VanEck Gold Miners ETF by 1,433.6% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock worth $8,063,000 after acquiring an additional 87,880 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $80.03 on Monday. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. The firm has a fifty day simple moving average of $90.23 and a two-hundred day simple moving average of $92.90. VanEck Gold Miners ETF has a 12 month low of $50.32 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.