Q Fund Management Hong Kong Ltd Makes New Investment in VanEck Gold Miners ETF $GDX

Q Fund Management Hong Kong Ltd purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,000 shares of the exchange traded fund’s stock, valued at approximately $1,372,000. VanEck Gold Miners ETF makes up 1.3% of Q Fund Management Hong Kong Ltd’s holdings, making the stock its 11th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Republic Capital LLC acquired a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $29,000. Highline Wealth Partners LLC grew its holdings in VanEck Gold Miners ETF by 45.0% in the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 135 shares during the last quarter. Family Management Corp acquired a new position in shares of VanEck Gold Miners ETF during the third quarter worth $38,000. Tradewinds Capital Management LLC lifted its holdings in shares of VanEck Gold Miners ETF by 162.5% during the 3rd quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 325 shares during the last quarter. Finally, Activest Wealth Management purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $50,000.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $85.79 on Friday. VanEck Gold Miners ETF has a 1-year low of $40.26 and a 1-year high of $117.18. The business has a fifty day moving average price of $100.18 and a 200-day moving average price of $86.75. The stock has a market capitalization of $26.18 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.