Fmr LLC Buys 200,596 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Fmr LLC lifted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 73.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472,334 shares of the exchange traded fund’s stock after purchasing an additional 200,596 shares during the quarter. Fmr LLC owned about 0.12% of VanEck Gold Miners ETF worth $18,808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GDX. National Bank of Canada FI lifted its position in shares of VanEck Gold Miners ETF by 89.0% during the 2nd quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock worth $132,617,000 after buying an additional 1,842,885 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in shares of VanEck Gold Miners ETF by 3,646.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock worth $58,333,000 after buying an additional 1,673,315 shares in the last quarter. Carrhae Capital LLP bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth approximately $43,073,000. Cadence Wealth Management LLC bought a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth approximately $21,327,000. Finally, Victory Capital Management Inc. bought a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth approximately $12,977,000.

VanEck Gold Miners ETF Stock Up 0.2 %

Shares of GDX stock opened at $37.98 on Wednesday. The company has a 50 day moving average of $39.15 and a 200-day moving average of $37.70. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The firm has a market cap of $15.18 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.