JPMorgan Chase & Co. Increases Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

JPMorgan Chase & Co. raised its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,527,798 shares of the exchange traded fund’s stock after acquiring an additional 294,034 shares during the period. JPMorgan Chase & Co. owned approximately 2.38% of VanEck Gold Miners ETF worth $379,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. SMART Wealth LLC raised its holdings in shares of VanEck Gold Miners ETF by 2.0% in the third quarter. SMART Wealth LLC now owns 28,658 shares of the exchange traded fund’s stock worth $1,141,000 after buying an additional 572 shares during the period. 1ST Source Bank purchased a new position in VanEck Gold Miners ETF in the third quarter valued at about $203,000. Capasso Planning Partners LLC purchased a new position in VanEck Gold Miners ETF in the third quarter worth $387,000. Franklin Resources Inc. increased its position in VanEck Gold Miners ETF by 3.6% during the 3rd quarter. Franklin Resources Inc. now owns 116,862 shares of the exchange traded fund’s stock valued at $4,693,000 after buying an additional 4,030 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its position in shares of VanEck Gold Miners ETF by 6.9% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 47,410 shares of the exchange traded fund’s stock valued at $1,888,000 after purchasing an additional 3,080 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $34.26 on Monday. The business has a fifty day moving average of $37.93 and a 200 day moving average of $37.74. The firm has a market capitalization of $13.70 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 $25.67 and a 1 year high of $44.22.

VanEck Gold Miners ETF Company 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.