1,219 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Acquired by Family Asset Management LLC

Family Asset Management LLC bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,219 shares of the exchange traded fund’s stock, valued at approximately $38,000.

Other large investors also recently modified their holdings of the company. Theory Financial LLC lifted its stake in VanEck Gold Miners ETF by 20.4% during the third quarter. Theory Financial LLC now owns 122,839 shares of the exchange traded fund’s stock worth $3,306,000 after purchasing an additional 20,837 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth $33,675,000. Capital Investment Advisors LLC grew its position in VanEck Gold Miners ETF by 14.3% in the fourth quarter. Capital Investment Advisors LLC now owns 12,661 shares of the exchange traded fund’s stock valued at $393,000 after acquiring an additional 1,584 shares during the last quarter. Chevy Chase Trust Holdings LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth about $13,822,000. Finally, Hudson Bay Capital Management LP lifted its holdings in shares of VanEck Gold Miners ETF by 29.0% in the third quarter. Hudson Bay Capital Management LP now owns 32,250 shares of the exchange traded fund’s stock worth $868,000 after acquiring an additional 7,250 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX traded up $0.21 during mid-day trading on Wednesday, reaching $34.38. The company had a trading volume of 8,544,324 shares, compared to its average volume of 25,825,598. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The company’s 50 day simple moving average is $31.67 and its 200 day simple moving average is $29.89. VanEck Gold Miners ETF has a 1-year low of $25.62 and a 1-year high of $35.74.

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.