Cavalier Investments LLC Has $2.86 Million Holdings in VanEck Gold Miners ETF $GDX

Cavalier Investments LLC increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.9% during the second quarter, HoldingsChannel reports. The fund owned 37,901 shares of the exchange traded fund’s stock after buying an additional 9,589 shares during the period. VanEck Gold Miners ETF comprises about 0.1% of Cavalier Investments LLC’s investment portfolio, making the stock its 27th largest position. Cavalier Investments LLC’s holdings in VanEck Gold Miners ETF were worth $2,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GDX. Morgan Stanley lifted its holdings in shares of VanEck Gold Miners ETF by 0.7% in the fourth quarter. Morgan Stanley now owns 12,876,546 shares of the exchange traded fund’s stock valued at $1,104,421,000 after purchasing an additional 90,514 shares in the last quarter. Bank of America Corp DE raised its position in VanEck Gold Miners ETF by 11.5% in the 1st quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock valued at $765,849,000 after buying an additional 858,716 shares during the last quarter. Rafferty Asset Management LLC raised its position in VanEck Gold Miners ETF by 8.2% in the 4th quarter. Rafferty Asset Management LLC now owns 7,053,592 shares of the exchange traded fund’s stock valued at $604,987,000 after buying an additional 534,856 shares during the last quarter. Bank of Nova Scotia lifted its stake in VanEck Gold Miners ETF by 282.0% in the 1st quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after acquiring an additional 1,987,920 shares in the last quarter. Finally, Caisse de depot et placement du Quebec acquired a new position in VanEck Gold Miners ETF during the 4th quarter worth approximately $218,971,000.

VanEck Gold Miners ETF Stock Down 1.1%

NYSEARCA GDX opened at $98.51 on Tuesday. The firm’s 50 day moving average is $82.68 and its 200-day moving average is $89.44. The company has a market capitalization of $30.06 billion, a PE ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12-month low of $61.21 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 MarketVector Global 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.