Northwestern Mutual Wealth Management Co. Raises Stock Position in VanEck Gold Miners ETF $GDX

Northwestern Mutual Wealth Management Co. grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 60.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 380,777 shares of the exchange traded fund’s stock after purchasing an additional 143,316 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.13% of VanEck Gold Miners ETF worth $17,504,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GDX. Rafferty Asset Management LLC grew its position in shares of VanEck Gold Miners ETF by 33.7% in the 4th quarter. Rafferty Asset Management LLC now owns 9,282,123 shares of the exchange traded fund’s stock worth $314,757,000 after buying an additional 2,342,211 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of VanEck Gold Miners ETF by 7,098.1% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock worth $94,731,000 after buying an additional 2,051,490 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in VanEck Gold Miners ETF by 3,010.4% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock valued at $89,100,000 after purchasing an additional 1,875,906 shares during the last quarter. Two Sigma Investments LP grew its position in VanEck Gold Miners ETF by 68.7% during the 4th quarter. Two Sigma Investments LP now owns 3,851,200 shares of the exchange traded fund’s stock valued at $130,594,000 after purchasing an additional 1,567,800 shares during the last quarter. Finally, National Bank of Canada FI grew its position in VanEck Gold Miners ETF by 8,656.1% during the 1st quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock valued at $63,264,000 after purchasing an additional 1,360,475 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $60.26 on Tuesday. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $60.79. The company’s 50-day moving average is $54.21 and its 200 day moving average is $49.18. The company has a market capitalization of $17.64 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77.

VanEck Gold Miners ETF Company 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.