Amitell Capital Pte Ltd Acquires Shares of 103,661 VanEck Gold Miners ETF $GDX

Amitell Capital Pte Ltd acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 103,661 shares of the exchange traded fund’s stock, valued at approximately $8,891,000. VanEck Gold Miners ETF makes up 9.9% of Amitell Capital Pte Ltd’s investment portfolio, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDX. M&T Bank Corp grew its position in shares of VanEck Gold Miners ETF by 7,491.6% in the fourth 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 last quarter. Rafferty Asset Management LLC grew its position in shares of VanEck Gold Miners ETF by 30.0% in the second 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. Menora Mivtachim Holdings LTD. acquired a new position in shares of VanEck Gold Miners ETF in the third quarter valued at approximately $70,231,000. Invesco Ltd. acquired a new position in shares of VanEck Gold Miners ETF in the second quarter valued at approximately $31,236,000. Finally, Rit Capital Partners PLC grew its position in shares of VanEck Gold Miners ETF by 74.7% in the fourth quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after purchasing an additional 512,000 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 5.3%

VanEck Gold Miners ETF stock opened at $77.72 on Friday. The company has a market capitalization of $23.95 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 12 month low of $50.32 and a 12 month high of $117.18. The stock’s 50 day moving average is $90.55 and its 200-day moving average is $92.88.

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.