Fullerton Fund Management Co Ltd. Reduces Position in VanEck Gold Miners ETF $GDX

Fullerton Fund Management Co Ltd. decreased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 75.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 211,671 shares of the exchange traded fund’s stock after selling 646,624 shares during the period. VanEck Gold Miners ETF accounts for about 0.8% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 25th biggest position. Fullerton Fund Management Co Ltd. owned approximately 0.07% of VanEck Gold Miners ETF worth $18,155,000 at the end of the most recent reporting period.

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

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $87.24 on Wednesday. The firm has a market capitalization of $26.88 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. The stock has a 50 day moving average price of $89.90 and a 200 day moving average price of $92.99. VanEck Gold Miners ETF has a 52-week low of $50.32 and a 52-week 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.