VanEck Gold Miners ETF $GDX Shares Purchased by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV increased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1,485.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 294,868 shares of the exchange traded fund’s stock after acquiring an additional 276,270 shares during the period. VanEck Gold Miners ETF makes up about 1.9% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 14th largest holding. Mainstay Capital Management LLC ADV owned 0.10% of VanEck Gold Miners ETF worth $25,291,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of GDX. Rafferty Asset Management LLC grew its position in shares of VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after acquiring an additional 1,503,884 shares during the period. Menora Mivtachim Holdings LTD. acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $70,231,000. Meitav Investment House Ltd. grew its position in shares of VanEck Gold Miners ETF by 3,846.2% during the 3rd quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock valued at $54,725,000 after acquiring an additional 700,000 shares during the period. Parker Investment Management LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $52,704,000. Finally, Rit Capital Partners PLC acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $52,320,000.

VanEck Gold Miners ETF Stock Up 2.7%

NYSEARCA:GDX opened at $100.34 on Friday. VanEck Gold Miners ETF has a 52 week low of $45.10 and a 52 week high of $117.18. The stock has a market capitalization of $31.16 billion, a PE ratio of 21.70 and a beta of 0.71. The stock’s 50-day moving average price is $98.52 and its 200-day moving average price is $89.43.

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.