Rafferty Asset Management LLC Acquires 7,666 Shares of VanEck Gold Miners ETF $GDX

Rafferty Asset Management LLC increased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,518,736 shares of the exchange traded fund’s stock after buying an additional 7,666 shares during the quarter. VanEck Gold Miners ETF comprises approximately 1.6% of Rafferty Asset Management LLC’s portfolio, making the stock its 12th biggest position. Rafferty Asset Management LLC owned about 2.17% of VanEck Gold Miners ETF worth $498,031,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Caitlin John LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $111,000. Accredited Wealth Management LLC lifted its position in VanEck Gold Miners ETF by 608.3% during the third quarter. Accredited Wealth Management LLC now owns 32,689 shares of the exchange traded fund’s stock valued at $2,497,000 after purchasing an additional 28,074 shares during the period. Sava Penzisko Drushtvo A.D. Skopje purchased a new stake in VanEck Gold Miners ETF in the third quarter worth approximately $13,758,000. Hohimer Wealth Management LLC bought a new stake in VanEck Gold Miners ETF in the 3rd quarter worth approximately $3,989,000. Finally, Choreo LLC raised its stake in VanEck Gold Miners ETF by 13.0% during the 3rd quarter. Choreo LLC now owns 4,818 shares of the exchange traded fund’s stock valued at $368,000 after buying an additional 554 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $115.84 on Friday. The stock has a market capitalization of $35.35 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1-year low of $38.58 and a 1-year high of $115.99. The business’s fifty day moving average price is $98.78 and its 200-day moving average price is $82.12.

VanEck Gold Miners ETF Company 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.