VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Bought by AdvisorNet Financial Inc

AdvisorNet Financial Inc boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,405 shares of the exchange traded fund’s stock after acquiring an additional 980 shares during the period. AdvisorNet Financial Inc’s holdings in VanEck Gold Miners ETF were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Alaska Permanent Fund Corp grew its holdings in VanEck Gold Miners ETF by 132.1% during the 1st quarter. Alaska Permanent Fund Corp now owns 3,940,340 shares of the exchange traded fund’s stock valued at $124,594,000 after buying an additional 2,242,823 shares during the last quarter. JPMorgan Chase & Co. increased its position in VanEck Gold Miners ETF by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock worth $255,051,000 after purchasing an additional 1,920,723 shares in the last quarter. GLOBALT Investments LLC GA acquired a new position in VanEck Gold Miners ETF in the 4th quarter valued at about $58,686,000. Desjardins Global Asset Management Inc. lifted its holdings in VanEck Gold Miners ETF by 705.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock valued at $63,204,000 after purchasing an additional 1,785,137 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $33,675,000.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $33.82 on Thursday. The company has a 50 day moving average price of $34.52 and a two-hundred day moving average price of $31.31. The stock has a market capitalization of $13.52 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $37.47.

VanEck Gold Miners ETF 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.