Sanctuary Advisors LLC Boosts Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Sanctuary Advisors LLC lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 21.1% in the fourth quarter, HoldingsChannel reports. The firm owned 107,042 shares of the exchange traded fund’s stock after acquiring an additional 18,637 shares during the quarter. Sanctuary Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $3,630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 294,034 shares during the last quarter. Quadrature Capital Ltd purchased a new position in VanEck Gold Miners ETF in the third quarter valued at $76,065,000. Caisse DE Depot ET Placement DU Quebec raised its stake in 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 buying an additional 760,722 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in VanEck Gold Miners ETF by 3,704.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after buying an additional 1,771,440 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of VanEck Gold Miners ETF by 6.9% during the 3rd quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock worth $51,783,000 after acquiring an additional 84,471 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX opened at $40.80 on Friday. The business’s 50-day simple moving average is $37.54 and its 200-day simple moving average is $38.39. The company has a market cap of $16.31 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a one year low of $25.67 and a one year 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.