Ballentine Partners LLC Buys New Stake in VanEck Gold Miners ETF $GDX

Ballentine Partners LLC purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,810 shares of the exchange traded fund’s stock, valued at approximately $1,131,000.

Several other large investors also recently bought and sold shares of the stock. Rafferty Asset Management LLC lifted its holdings in shares of VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in VanEck Gold Miners ETF by 766.7% in the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after buying an additional 4,574,598 shares during the last quarter. Slate Path Capital LP acquired a new stake in shares of VanEck Gold Miners ETF in the second quarter valued at approximately $123,070,000. Pureheart Capital Pte Ltd. grew its position in shares of VanEck Gold Miners ETF by 1.4% during the second quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock worth $69,708,000 after acquiring an additional 19,000 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of VanEck Gold Miners ETF by 99.1% during the second quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock worth $67,990,000 after acquiring an additional 650,000 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $107.98 on Friday. The company has a market cap of $32.58 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The company has a fifty day moving average price of $89.99 and a 200 day moving average price of $74.92. VanEck Gold Miners ETF has a 12 month low of $38.57 and a 12 month high of $113.50.

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.