VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Acquired by Drive Wealth Management LLC

Drive Wealth Management LLC lifted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 381.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,458 shares of the exchange traded fund’s stock after buying an additional 22,543 shares during the period. Drive Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $965,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GDX. JPMorgan Chase & Co. grew its holdings in shares of VanEck Gold Miners ETF by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after buying an additional 294,034 shares in the last quarter. Quadrature Capital Ltd acquired a new position in VanEck Gold Miners ETF during the third quarter worth about $76,065,000. Caisse DE Depot ET Placement DU Quebec boosted its position in VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after acquiring an additional 760,722 shares during the last quarter. Stifel Financial Corp boosted its position in VanEck Gold Miners ETF by 6.9% during 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 acquired a new position in VanEck Gold Miners ETF during the third quarter worth about $43,073,000.

VanEck Gold Miners ETF Trading Up 1.2 %

GDX opened at $37.95 on Monday. The firm has a market capitalization of $15.17 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The firm’s 50-day moving average price is $36.37 and its 200 day moving average price is $37.96.

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.