Fourpath Capital Management LLC Has $13.32 Million Stock Holdings in VanEck Gold Miners ETF $GDX

Fourpath Capital Management LLC grew its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 26.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 174,370 shares of the exchange traded fund’s stock after acquiring an additional 36,618 shares during the quarter. VanEck Gold Miners ETF comprises about 1.9% of Fourpath Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Fourpath Capital Management LLC owned approximately 0.06% of VanEck Gold Miners ETF worth $13,322,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GDX. Ethos Financial Group LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter valued at approximately $309,000. American National Bank & Trust acquired a new position in VanEck Gold Miners ETF during the 2nd quarter worth approximately $68,000. Catalyst Funds Management Pty Ltd bought a new position in VanEck Gold Miners ETF in the 2nd quarter valued at approximately $10,277,000. Johnson Investment Counsel Inc. boosted its position in VanEck Gold Miners ETF by 32.2% in the second quarter. Johnson Investment Counsel Inc. now owns 158,387 shares of the exchange traded fund’s stock valued at $8,246,000 after buying an additional 38,615 shares in the last quarter. Finally, Accordant Advisory Group Inc acquired a new stake in VanEck Gold Miners ETF in the second quarter valued at approximately $381,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $90.18 on Tuesday. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $91.05. The company has a market capitalization of $27.08 billion, a PE ratio of 21.70 and a beta of 0.55. The company has a fifty day moving average of $78.21 and a 200-day moving average of $66.69.

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.