Blue Trust Inc. Acquires 1,150 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Blue Trust Inc. raised its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 54.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,260 shares of the exchange traded fund’s stock after purchasing an additional 1,150 shares during the period. Blue Trust Inc.’s holdings in VanEck Gold Miners ETF were worth $111,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at $76,065,000. Carrhae Capital LLP bought a new position in VanEck Gold Miners ETF in the 3rd quarter worth $43,073,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $35,838,000. Fiduciary Family Office LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $25,807,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of 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 buying an additional 760,722 shares during the period.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $41.13 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The stock’s 50 day simple moving average is $36.66 and its two-hundred day simple moving average is $38.03.

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.