Fifth Third Bancorp Raises Stock Position in VanEck Gold Miners ETF $GDX

Fifth Third Bancorp grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 12,678.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,789 shares of the exchange traded fund’s stock after buying an additional 109,922 shares during the quarter. Fifth Third Bancorp’s holdings in VanEck Gold Miners ETF were worth $10,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of VanEck Gold Miners ETF by 106.2% during the 1st quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after buying an additional 12,408 shares in the last quarter. Invesco Ltd. acquired a new stake in VanEck Gold Miners ETF in the 2nd quarter valued at $31,236,000. Natixis increased its holdings in VanEck Gold Miners ETF by 196.1% in the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after acquiring an additional 17,716 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in VanEck Gold Miners ETF by 194.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after acquiring an additional 24,022 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in VanEck Gold Miners ETF during the second quarter worth $846,000.

VanEck Gold Miners ETF Stock Up 2.1%

GDX opened at $74.88 on Wednesday. The company has a market cap of $22.86 billion, a PE ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a twelve month low of $50.44 and a twelve month high of $117.18. The company has a 50-day moving average price of $82.93 and a 200 day moving average price of $91.99.

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.