Phoenix Financial Ltd. raised its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 76.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 724,800 shares of the exchange traded fund’s stock after buying an additional 315,000 shares during the period. Phoenix Financial Ltd.’s holdings in VanEck Gold Miners ETF were worth $63,637,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Avalon Trust Co acquired a new position in shares of VanEck Gold Miners ETF in the first quarter worth about $26,000. Hickory Point Bank & Trust acquired a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $30,000. Signature Equity Partners LLC acquired a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $33,000. Eastern Bank acquired a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $53,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at approximately $67,000.
VanEck Gold Miners ETF Stock Performance
Shares of NYSEARCA:GDX traded down $0.20 during mid-day trading on Friday, hitting $81.64. The stock had a trading volume of 11,829,054 shares, compared to its average volume of 24,250,143. The company has a market cap of $25.27 billion, a PE ratio of 13.65 and a beta of 0.70. VanEck Gold Miners ETF has a 12-month low of $69.74 and a 12-month high of $117.18. The company’s 50 day moving average is $88.26 and its 200-day moving average is $89.82.
VanEck Gold Miners ETF Company Profile
The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.
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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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