Thomist Capital Management LP Invests $2.51 Million in VanEck Gold Miners ETF (NYSEARCA:GDX)

Thomist Capital Management LP acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 67,239 shares of the exchange traded fund’s stock, valued at approximately $2,513,000. VanEck Gold Miners ETF comprises 0.9% of Thomist Capital Management LP’s investment portfolio, making the stock its 20th largest holding.

A number of other large investors have also recently bought and sold shares of GDX. Beacon Capital Management LLC lifted its position in shares of VanEck Gold Miners ETF by 202.4% in the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 500 shares during the last quarter. Atwood & Palmer Inc. acquired a new stake in VanEck Gold Miners ETF in the 1st quarter worth approximately $27,000. LRI Investments LLC bought a new stake in VanEck Gold Miners ETF during the first quarter worth approximately $28,000. Eagle Bay Advisors LLC boosted its position in VanEck Gold Miners ETF by 95.8% during the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 575 shares during the period. Finally, Studio Investment Management LLC grew its holdings in VanEck Gold Miners ETF by 51.4% during the second quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 408 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 1.1 %

Shares of VanEck Gold Miners ETF stock opened at $39.06 on Thursday. The firm has a fifty day simple moving average of $37.72 and a 200-day simple moving average of $34.92. The stock has a market capitalization of $15.61 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1-year low of $25.62 and a 1-year high of $40.99.

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.