M&T Bank Corp Increases Stake in VanEck Gold Miners ETF $GDX

M&T Bank Corp grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 7,491.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,025,428 shares of the exchange traded fund’s stock after buying an additional 1,998,748 shares during the quarter. M&T Bank Corp owned 0.68% of VanEck Gold Miners ETF worth $173,721,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Constant Guidance Financial LLC purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $1,433,000. Tradewinds LLC. purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $1,568,000. Advisory Alpha LLC purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $848,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 15.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock valued at $2,706,000 after purchasing an additional 4,778 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 6.2%

Shares of GDX opened at $92.99 on Wednesday. The company has a 50-day simple moving average of $98.25 and a 200-day simple moving average of $89.79. The company has a market capitalization of $28.87 billion, a PE ratio of 21.70 and a beta of 0.71. VanEck Gold Miners ETF has a 52-week low of $45.10 and a 52-week high of $117.18.

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.