Allianz SE Takes Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Allianz SE purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, Holdings Channel.com reports. The firm purchased 137,760 shares of the exchange traded fund’s stock, valued at approximately $4,652,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDX. Roxbury Financial LLC purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at $25,000. Eastern Bank purchased a new stake in VanEck Gold Miners ETF in the 4th quarter worth about $25,000. Financial Connections Group Inc. acquired a new stake in VanEck Gold Miners ETF during the 4th quarter worth about $25,000. Rothschild Investment LLC grew its stake in VanEck Gold Miners ETF by 100.0% during the 4th quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 500 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $34,000.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $45.57 on Friday. The firm has a 50 day simple moving average of $41.29 and a 200 day simple moving average of $39.27. VanEck Gold Miners ETF has a 52 week low of $31.71 and a 52 week high of $46.94. The stock has a market cap of $15.10 billion, a P/E ratio of 20.34 and a beta of 0.95.

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.