Journey Strategic Wealth LLC cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 8.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,058 shares of the exchange traded fund’s stock after selling 1,078 shares during the period. Journey Strategic Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $375,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GDX. JPMorgan Chase & Co. raised its position in shares of VanEck Gold Miners ETF by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after purchasing an additional 294,034 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $76,065,000. Caisse DE Depot ET Placement DU Quebec lifted its position 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 acquiring an additional 760,722 shares in the last quarter. Stifel Financial Corp boosted its stake 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 worth $51,783,000 after acquiring an additional 84,471 shares during the last quarter. Finally, Carrhae Capital LLP purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter worth approximately $43,073,000.
VanEck Gold Miners ETF Stock Performance
NYSEARCA GDX opened at $38.96 on Monday. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22. The business has a fifty day moving average price of $36.42 and a 200 day moving average price of $37.96. The company has a market cap of $15.57 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.
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