VanEck Gold Miners ETF $GDX Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. increased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 340,259 shares of the exchange traded fund’s stock after purchasing an additional 15,714 shares during the period. Cibc World Market Inc. owned approximately 0.11% of VanEck Gold Miners ETF worth $29,184,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GDX. Eukles Asset Management acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth $27,000. Morton Brown Family Wealth LLC acquired a new stake in VanEck Gold Miners ETF in the fourth quarter valued at $36,000. Family Management Corp purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth $38,000. Hantz Financial Services Inc. grew its stake in shares of VanEck Gold Miners ETF by 298.2% during the 4th quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 337 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth $56,000.

VanEck Gold Miners ETF Stock Up 1.6%

Shares of GDX opened at $86.40 on Friday. VanEck Gold Miners ETF has a 52-week low of $50.32 and a 52-week high of $117.18. The company has a 50-day simple moving average of $91.46 and a 200-day simple moving average of $92.79. The company has a market capitalization of $26.62 billion, a PE ratio of 21.70 and a beta of 0.60.

VanEck Gold Miners ETF 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.