Barings LLC Buys 59,934 Shares of VanEck Gold Miners ETF $GDX

Barings LLC boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 738.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,047 shares of the exchange traded fund’s stock after purchasing an additional 59,934 shares during the quarter. Barings LLC’s holdings in VanEck Gold Miners ETF were worth $5,836,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Eukles Asset Management bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $27,000. Morton Brown Family Wealth LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth about $36,000. Hantz Financial Services Inc. grew its holdings in shares of VanEck Gold Miners ETF by 298.2% during the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 337 shares in the last quarter. Family Management Corp bought a new position in shares of VanEck Gold Miners ETF during the third quarter worth about $38,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth about $51,000.

VanEck Gold Miners ETF Trading Up 5.3%

VanEck Gold Miners ETF stock opened at $77.72 on Friday. The company has a market cap of $23.95 billion, a P/E 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. The company has a fifty day simple moving average of $90.55 and a 200 day simple moving average of $92.88.

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.