Park Avenue Securities LLC Buys New Shares in VanEck Gold Miners ETF $GDX

Park Avenue Securities LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, HoldingsChannel reports. The firm purchased 7,151 shares of the exchange traded fund’s stock, valued at approximately $628,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of VanEck Gold Miners ETF by 11.5% in the 1st quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock valued at $765,849,000 after buying an additional 858,716 shares during the period. Bank of Nova Scotia grew its stake in 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 acquiring an additional 1,987,920 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $84,873,000. IMC Chicago LLC increased its stake in VanEck Gold Miners ETF by 1,264.4% during the 1st quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock worth $64,053,000 after buying an additional 646,817 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in VanEck Gold Miners ETF by 1,206.7% in the 1st quarter. Renaissance Technologies LLC now owns 574,948 shares of the exchange traded fund’s stock valued at $52,763,000 after purchasing an additional 530,948 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 1.4%

NYSEARCA:GDX opened at $85.75 on Friday. The company’s 50-day moving average price is $89.89 and its 200-day moving average price is $90.41. VanEck Gold Miners ETF has a twelve month low of $69.74 and a twelve month high of $117.18. The company has a market cap of $26.42 billion, a P/E ratio of 21.70 and a beta of 0.70.

VanEck Gold Miners ETF Company 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.