Mesirow Financial Investment Management Inc. Buys 50,385 Shares of VanEck Gold Miners ETF $GDX

Mesirow Financial Investment Management Inc. bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 50,385 shares of the exchange traded fund’s stock, valued at approximately $4,424,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in VanEck Gold Miners ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after acquiring an additional 858,716 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of VanEck Gold Miners ETF by 282.0% during the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock worth $247,133,000 after acquiring an additional 1,987,920 shares during the last quarter. 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 grew its stake in shares of VanEck Gold Miners ETF by 1,264.4% during the first quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock worth $64,053,000 after acquiring an additional 646,817 shares during the last quarter. Finally, MKP Capital Management L.L.C. acquired a new position in shares of VanEck Gold Miners ETF during the third quarter valued at about $57,860,000.

VanEck Gold Miners ETF Stock Down 1.5%

GDX opened at $85.21 on Thursday. The company has a market cap of $26.39 billion, a P/E ratio of 13.65 and a beta of 0.70. The firm’s 50-day moving average price is $88.98 and its 200-day moving average price is $90.08. VanEck Gold Miners ETF has a 52-week low of $69.74 and a 52-week 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 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.