Allianz SE Buys Shares of 137,760 VanEck Gold Miners ETF (NYSEARCA:GDX)

Allianz SE purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 137,760 shares of the exchange traded fund’s stock, valued at approximately $4,652,000.

Several other institutional investors and hedge funds also recently modified their holdings of GDX. Cerity Partners LLC increased its stake in shares of VanEck Gold Miners ETF by 51.4% during the third quarter. Cerity Partners LLC now owns 67,626 shares of the exchange traded fund’s stock valued at $2,693,000 after acquiring an additional 22,973 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $438,000. FMR LLC raised its stake in shares of VanEck Gold Miners ETF by 73.8% in the 3rd quarter. FMR LLC now owns 472,334 shares of the exchange traded fund’s stock worth $18,808,000 after buying an additional 200,596 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of VanEck Gold Miners ETF by 5.6% in the third quarter. Glenmede Trust Co. NA now owns 18,957 shares of the exchange traded fund’s stock valued at $755,000 after buying an additional 1,000 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in VanEck Gold Miners ETF by 77.8% during the third quarter. CreativeOne Wealth LLC now owns 13,519 shares of the exchange traded fund’s stock valued at $538,000 after buying an additional 5,914 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 0.4 %

NYSEARCA:GDX opened at $45.57 on Friday. The business’s 50-day moving average price is $41.29 and its 200 day moving average price is $39.27. VanEck Gold Miners ETF has a 52-week low of $31.71 and a 52-week high of $46.94. The firm 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.