Y Intercept Hong Kong Ltd Makes New Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Y Intercept Hong Kong Ltd acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, HoldingsChannel reports. The firm acquired 138,986 shares of the exchange traded fund’s stock, valued at approximately $4,713,000.

Several other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in VanEck Gold Miners ETF by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock valued at $379,397,000 after acquiring an additional 294,034 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of VanEck Gold Miners ETF in the third quarter valued at approximately $76,065,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of VanEck Gold Miners ETF by 70.5% in 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 during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of VanEck Gold Miners ETF by 3,704.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after purchasing an additional 1,771,440 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of VanEck Gold Miners ETF by 6.9% in the third quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock valued at $51,783,000 after purchasing an additional 84,471 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 3.4 %

Shares of GDX stock opened at $40.80 on Monday. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The firm’s fifty day moving average price is $37.54 and its two-hundred day moving average price is $38.44. The firm has a market capitalization of $16.31 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.