ANTIPODES PARTNERS Ltd Buys New Stake in VanEck Gold Miners ETF $GDX

ANTIPODES PARTNERS Ltd bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 64,741 shares of the exchange traded fund’s stock, valued at approximately $3,371,000.

Several other large investors have also recently made changes to their positions in GDX. Golden State Wealth Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 344.1% in the 1st quarter. Golden State Wealth Management LLC now owns 2,194 shares of the exchange traded fund’s stock valued at $101,000 after purchasing an additional 1,700 shares during the period. Pinnacle Financial Partners Inc acquired a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at $204,000. Mutual Advisors LLC lifted its stake in shares of VanEck Gold Miners ETF by 156.4% in the 1st quarter. Mutual Advisors LLC now owns 50,028 shares of the exchange traded fund’s stock valued at $2,442,000 after purchasing an additional 30,519 shares during the period. Brookstone Capital Management lifted its stake in shares of VanEck Gold Miners ETF by 108.3% in the 1st quarter. Brookstone Capital Management now owns 32,419 shares of the exchange traded fund’s stock valued at $1,490,000 after purchasing an additional 16,857 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of VanEck Gold Miners ETF by 18.8% in the 1st quarter. Bank of New York Mellon Corp now owns 10,992 shares of the exchange traded fund’s stock valued at $505,000 after purchasing an additional 1,741 shares during the period.

VanEck Gold Miners ETF Price Performance

GDX opened at $72.06 on Friday. The firm has a fifty day moving average price of $71.87 and a 200 day moving average price of $59.07. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $85.08. The stock has a market cap of $21.74 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.