Hsbc Holdings PLC Buys 139,555 Shares of VanEck Gold Miners ETF $GDX

Hsbc Holdings PLC boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 359.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,375 shares of the exchange traded fund’s stock after purchasing an additional 139,555 shares during the period. Hsbc Holdings PLC owned about 0.06% of VanEck Gold Miners ETF worth $16,259,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GDX. Morgan Stanley lifted its stake in shares of VanEck Gold Miners ETF by 0.7% in the 4th quarter. Morgan Stanley now owns 12,876,546 shares of the exchange traded fund’s stock valued at $1,104,421,000 after acquiring an additional 90,514 shares during the last quarter. Rafferty Asset Management LLC grew its position in VanEck Gold Miners ETF by 8.2% during the 4th quarter. Rafferty Asset Management LLC now owns 7,053,592 shares of the exchange traded fund’s stock worth $604,987,000 after acquiring an additional 534,856 shares during the last quarter. Caisse de depot et placement du Quebec acquired a new position in VanEck Gold Miners ETF in the 4th quarter worth about $218,971,000. M&T Bank Corp increased its holdings in VanEck Gold Miners ETF by 7,491.6% in the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after purchasing an additional 1,998,748 shares in the last quarter. Finally, Meitav Investment House Ltd. raised its position in VanEck Gold Miners ETF by 68.6% in the first quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock valued at $111,152,000 after purchasing an additional 493,000 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 3.4%

Shares of GDX stock opened at $76.68 on Thursday. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The business’s 50-day moving average price is $80.30 and its 200-day moving average price is $91.38. VanEck Gold Miners ETF has a 12 month low of $51.37 and a 12 month high of $117.18.

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.