Union Bancaire Privee UBP SA Buys Shares of 11,895 VanEck Gold Miners ETF (NYSEARCA:GDX)

Union Bancaire Privee UBP SA bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 11,895 shares of the exchange traded fund’s stock, valued at approximately $403,000.

Several other hedge funds have also recently made changes to their positions in GDX. Eastern Bank bought a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at $25,000. Financial Connections Group Inc. purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $25,000. Roxbury Financial LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $25,000. Aptus Capital Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 53.0% in the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 329 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 2,586.2% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,500 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $40.97 on Tuesday. The stock has a market cap of $16.38 billion, a PE ratio of 28.03 and a beta of 0.85. 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 fifty day moving average of $37.63 and a 200-day moving average of $38.48.

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.