Providence First Trust Co Buys Shares of 8,952 VanEck Gold Miners ETF $GDX

Providence First Trust Co purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,952 shares of the exchange traded fund’s stock, valued at approximately $768,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp grew its position in VanEck Gold Miners ETF by 7,491.6% during the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after buying an additional 1,998,748 shares during the period. Rafferty Asset Management LLC raised its position in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after acquiring an additional 1,503,884 shares during the period. Menora Mivtachim Holdings LTD. purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth $70,231,000. Meitav Investment House Ltd. boosted its stake 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 worth $54,725,000 after acquiring an additional 700,000 shares during the last quarter. Finally, Parker Investment Management LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth $52,704,000.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $85.81 on Wednesday. VanEck Gold Miners ETF has a one year low of $45.10 and a one year high of $117.18. The stock’s fifty day moving average is $96.19 and its 200 day moving average is $90.47. The stock has a market cap of $26.44 billion, a P/E ratio of 21.70 and a beta of 0.61.

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.