VanEck Gold Miners ETF $GDX Position Boosted by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 429.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,663 shares of the exchange traded fund’s stock after purchasing an additional 28,927 shares during the period. Banque Cantonale Vaudoise’s holdings in VanEck Gold Miners ETF were worth $3,273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caisse de depot et placement du Quebec bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $218,971,000. M&T Bank Corp raised its position in shares of VanEck Gold Miners ETF by 7,491.6% during the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after purchasing an additional 1,998,748 shares during the period. Rafferty Asset Management LLC raised its position in shares of VanEck Gold Miners ETF by 30.0% during the second 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 during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at $101,981,000. Finally, Menora Mivtachim Holdings LTD. purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at $70,231,000.

VanEck Gold Miners ETF Stock Up 1.4%

NYSEARCA:GDX opened at $75.67 on Friday. The stock has a fifty day simple moving average of $87.39 and a 200 day simple moving average of $92.89. The firm has a market capitalization of $23.31 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 1-year low of $50.32 and a 1-year high of $117.18.

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.