Simplex Trading LLC acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 247,615 shares of the exchange traded fund’s stock, valued at approximately $21,238,000. Simplex Trading LLC owned 0.08% of VanEck Gold Miners ETF as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Eukles Asset Management purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth about $27,000. Morton Brown Family Wealth LLC purchased a new stake in VanEck Gold Miners ETF during the fourth quarter valued at approximately $36,000. Family Management Corp purchased a new stake in VanEck Gold Miners ETF during the third quarter valued at approximately $38,000. Hantz Financial Services Inc. raised its position in VanEck Gold Miners ETF by 298.2% during the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 337 shares during the period. Finally, Greykasell Wealth Strategies Inc. bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $51,000.
VanEck Gold Miners ETF Stock Performance
GDX opened at $73.81 on Thursday. The stock has a market cap of $22.74 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. The stock’s 50 day moving average price is $90.83 and its 200-day moving average price is $92.86. VanEck Gold Miners ETF has a one year low of $50.32 and a one year high of $117.18.
About VanEck Gold Miners ETF
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.
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