Norris Financial Group LLC Takes $3.53 Million Position in VanEck Gold Miners ETF $GDX

Norris Financial Group LLC purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 38,418 shares of the exchange traded fund’s stock, valued at approximately $3,526,000.

A number of other institutional investors have also recently bought and sold shares of GDX. AQR Capital Management LLC increased its position in shares of VanEck Gold Miners ETF by 106.2% in the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after acquiring an additional 12,408 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter valued at approximately $31,236,000. Natixis boosted its stake in VanEck Gold Miners ETF by 196.1% in the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after purchasing an additional 17,716 shares during the period. Qube Research & Technologies Ltd grew its position in VanEck Gold Miners ETF by 194.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after purchasing an additional 24,022 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in VanEck Gold Miners ETF during the 2nd quarter worth approximately $846,000.

VanEck Gold Miners ETF Stock Up 4.4%

GDX opened at $76.78 on Friday. The firm has a market capitalization of $23.42 billion, a P/E ratio of 21.70 and a beta of 0.65. The stock has a fifty day moving average of $78.82 and a 200-day moving average of $90.74. VanEck Gold Miners ETF has a 12-month low of $51.37 and a 12-month high of $117.18.

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.