Principal Securities Inc. Raises Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Principal Securities Inc. lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,329 shares of the exchange traded fund’s stock after purchasing an additional 819 shares during the period. Principal Securities Inc.’s holdings in VanEck Gold Miners ETF were worth $418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in VanEck Gold Miners ETF during the third quarter valued at about $76,065,000. Strategic Financial Concepts LLC grew its stake in shares of VanEck Gold Miners ETF by 3,704.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after acquiring an additional 1,771,440 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter worth approximately $35,838,000. Fiduciary Family Office LLC bought a new stake in VanEck Gold Miners ETF during the 4th quarter worth approximately $25,807,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after purchasing an additional 760,722 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

GDX opened at $40.80 on Friday. The company has a 50 day simple moving average of $37.54 and a two-hundred day simple moving average of $38.41. The firm has a market cap of $16.31 billion, a P/E 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.

About VanEck Gold Miners ETF

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.