Union Bancaire Privee UBP SA Buys New Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Union Bancaire Privee UBP SA bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,895 shares of the exchange traded fund’s stock, valued at approximately $403,000.

Several other hedge funds also recently modified their holdings of GDX. Quadrature Capital Ltd bought a new stake in VanEck Gold Miners ETF during the third quarter worth $76,065,000. Strategic Financial Concepts LLC lifted its holdings in VanEck Gold Miners ETF by 3,704.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after acquiring an additional 1,771,440 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in VanEck Gold Miners ETF during the third quarter worth $35,838,000. Panview Capital Ltd bought a new stake in VanEck Gold Miners ETF during the fourth quarter worth $28,427,000. Finally, Fiduciary Family Office LLC bought a new stake in VanEck Gold Miners ETF during the fourth quarter worth $25,807,000.

VanEck Gold Miners ETF Trading Up 0.4 %

Shares of VanEck Gold Miners ETF stock opened at $40.97 on Tuesday. The business’s fifty day simple moving average is $37.63 and its 200 day simple moving average is $38.48. The firm has a market capitalization of $16.38 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month 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.