Cavalier Investments LLC Makes New Investment in VanEck Gold Miners ETF $GDX

Cavalier Investments LLC bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the second quarter, Holdings Channel.com reports. The firm bought 27,093 shares of the exchange traded fund’s stock, valued at approximately $1,410,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of VanEck Gold Miners ETF by 7,098.1% during the first 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of VanEck Gold Miners ETF by 3,010.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after buying an additional 1,875,906 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of VanEck Gold Miners ETF by 8,656.1% during the first quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock worth $63,264,000 after buying an additional 1,360,475 shares in the last quarter. CSM Advisors LLC acquired a new position in shares of VanEck Gold Miners ETF during the first quarter worth $36,656,000. Finally, Banque Transatlantique SA acquired a new position in shares of VanEck Gold Miners ETF during the first quarter worth $25,011,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $72.79 on Wednesday. The company has a fifty day moving average of $69.67 and a 200-day moving average of $57.51. The company has a market capitalization of $21.36 billion, a PE ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $85.08.

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.