Studio Investment Management LLC Increases Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Studio Investment Management LLC boosted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 35.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,488 shares of the exchange traded fund’s stock after buying an additional 657 shares during the quarter. Studio Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $84,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GDX. JPMorgan Chase & Co. grew its stake in VanEck Gold Miners ETF by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after purchasing an additional 294,034 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 12.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock worth $390,000 after buying an additional 1,301 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of VanEck Gold Miners ETF by 24.5% during the fourth quarter. Park Avenue Securities LLC now owns 20,563 shares of the exchange traded fund’s stock worth $697,000 after buying an additional 4,053 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of VanEck Gold Miners ETF by 6.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 22,674 shares of the exchange traded fund’s stock worth $769,000 after buying an additional 1,464 shares during the period. Finally, Procyon Advisors LLC acquired a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $246,000.

VanEck Gold Miners ETF Stock Down 0.3%

Shares of VanEck Gold Miners ETF stock opened at $46.33 on Friday. VanEck Gold Miners ETF has a 52-week low of $32.84 and a 52-week high of $53.25. The company has a 50 day moving average of $46.79 and a 200 day moving average of $41.07. The company has a market capitalization of $14.04 billion, a P/E ratio of 19.65 and a beta of 0.57.

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.