Quantitative Investment Management LLC Purchases New Holdings in VanEck Gold Miners ETF $GDX

Quantitative Investment Management LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 129,137 shares of the exchange traded fund’s stock, valued at approximately $9,743,000. VanEck Gold Miners ETF comprises about 1.1% of Quantitative Investment Management LLC’s investment portfolio, making the stock its 16th biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. Avalon Trust Co bought a new position in shares of VanEck Gold Miners ETF in the first quarter valued at about $26,000. Eukles Asset Management bought a new position in VanEck Gold Miners ETF during the fourth quarter worth about $27,000. Bayban bought a new position in VanEck Gold Miners ETF during the fourth quarter worth about $27,000. Princeton Global Asset Management LLC acquired a new stake in VanEck Gold Miners ETF in the 1st quarter worth about $27,000. Finally, Evolution Wealth Management Inc. acquired a new stake in VanEck Gold Miners ETF in the 1st quarter worth about $33,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $99.65 on Monday. The stock has a market cap of $30.40 billion, a P/E ratio of 21.70 and a beta of 0.65. The stock has a 50 day simple moving average of $82.34 and a 200 day simple moving average of $89.47. VanEck Gold Miners ETF has a 1 year low of $61.21 and a 1 year high of $117.18.

VanEck Gold Miners ETF 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.