FIL Ltd Purchases New Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

FIL Ltd acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 181,497 shares of the exchange traded fund’s stock, valued at approximately $6,155,000.

A number of other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of VanEck Gold Miners ETF by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after acquiring an additional 294,034 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of VanEck Gold Miners ETF by 1,116.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after buying an additional 1,967,832 shares during the period. Raymond James Financial Inc. acquired a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $64,425,000. Strategic Financial Concepts LLC boosted its stake in VanEck Gold Miners ETF by 3,704.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after acquiring an additional 1,771,440 shares during the period. Finally, GLOBALT Investments LLC GA grew its holdings in shares of VanEck Gold Miners ETF by 1.4% during the fourth quarter. GLOBALT Investments LLC GA now owns 1,795,153 shares of the exchange traded fund’s stock valued at $60,874,000 after purchasing an additional 25,061 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 5.4 %

Shares of NYSEARCA GDX opened at $49.70 on Friday. VanEck Gold Miners ETF has a 12-month low of $32.20 and a 12-month high of $50.15. The company has a market cap of $16.12 billion, a price-to-earnings ratio of 21.51 and a beta of 0.84. The stock’s 50 day simple moving average is $42.85 and its 200 day simple moving average is $39.67.

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.