Y Intercept Hong Kong Ltd Invests $6.25 Million in VanEck Gold Miners ETF $GDX

Y Intercept Hong Kong Ltd purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 1st quarter, Holdings Channel.com reports. The firm purchased 68,086 shares of the exchange traded fund’s stock, valued at approximately $6,248,000.

A number of other institutional investors have also modified their holdings of GDX. AQR Capital Management LLC boosted its stake in VanEck Gold Miners ETF by 106.2% in the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after acquiring an additional 12,408 shares during the period. Invesco Ltd. acquired a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter worth approximately $31,236,000. Natixis lifted its holdings in shares of VanEck Gold Miners ETF by 196.1% in the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after purchasing an additional 17,716 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of VanEck Gold Miners ETF by 194.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after purchasing an additional 24,022 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in VanEck Gold Miners ETF during the 2nd quarter valued at approximately $846,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $78.43 on Friday. The company has a market cap of $23.69 billion, a P/E ratio of 21.70 and a beta of 0.65. The stock has a fifty day moving average price of $84.94 and a 200 day moving average price of $92.55. VanEck Gold Miners ETF has a 12 month low of $50.35 and a 12 month 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.