Fund Advisors of America Inc FL purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 22,604 shares of the exchange traded fund’s stock, valued at approximately $1,939,000. VanEck Gold Miners ETF makes up 1.8% of Fund Advisors of America Inc FL’s portfolio, making the stock its 13th biggest holding.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Caisse de depot et placement du Quebec acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth $218,971,000. M&T Bank Corp boosted its position in shares of VanEck Gold Miners ETF by 7,491.6% in the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after purchasing an additional 1,998,748 shares during the period. Rafferty Asset Management LLC increased its stake in 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 worth $338,966,000 after purchasing an additional 1,503,884 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in VanEck Gold Miners ETF during the 4th quarter worth about $101,981,000. Finally, Menora Mivtachim Holdings LTD. acquired a new stake in VanEck Gold Miners ETF during the 3rd quarter worth about $70,231,000.
VanEck Gold Miners ETF Stock Performance
GDX stock opened at $82.51 on Friday. VanEck Gold Miners ETF has a one year low of $50.32 and a one year high of $117.18. The firm has a 50-day moving average of $89.14 and a two-hundred day moving average of $92.93. The firm has a market capitalization of $25.42 billion, a PE ratio of 21.70 and a beta of 0.60.
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.
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