Oakmont Investment Advisors Inc. purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 12,972 shares of the exchange traded fund’s stock, valued at approximately $979,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Caisse de depot et placement du Quebec purchased a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $218,971,000. Bank of Nova Scotia grew its position in shares of VanEck Gold Miners ETF by 282.0% in the 1st quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after buying an additional 1,987,920 shares during the last quarter. Rafferty Asset Management LLC grew its position in shares of VanEck Gold Miners ETF by 30.0% in 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 buying an additional 1,503,884 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in VanEck Gold Miners ETF during the 4th quarter worth $101,981,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in VanEck Gold Miners ETF during the 1st quarter worth $84,873,000.
VanEck Gold Miners ETF Price Performance
Shares of GDX opened at $99.26 on Friday. VanEck Gold Miners ETF has a 1-year low of $65.16 and a 1-year high of $117.18. The stock has a market cap of $30.28 billion, a PE ratio of 21.70 and a beta of 0.70. The firm has a fifty day moving average price of $84.44 and a 200 day moving average price of $89.40.
VanEck Gold Miners ETF Profile
The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.
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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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