VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Bought by Rafferty Asset Management LLC

Rafferty Asset Management LLC boosted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,282,123 shares of the exchange traded fund’s stock after purchasing an additional 2,342,211 shares during the period. VanEck Gold Miners ETF makes up 1.1% of Rafferty Asset Management LLC’s portfolio, making the stock its 16th biggest position. Rafferty Asset Management LLC owned 2.32% of VanEck Gold Miners ETF worth $314,757,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in VanEck Gold Miners ETF by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock valued at $379,397,000 after purchasing an additional 294,034 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in VanEck Gold Miners ETF by 1,116.3% during the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after purchasing an additional 1,967,832 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in VanEck Gold Miners ETF during the 4th quarter valued at $64,425,000. Strategic Financial Concepts LLC grew its holdings in VanEck Gold Miners ETF by 3,704.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after purchasing an additional 1,771,440 shares in the last quarter. Finally, GLOBALT Investments LLC GA grew its holdings in VanEck Gold Miners ETF by 1.4% during the 4th quarter. GLOBALT Investments LLC GA now owns 1,795,153 shares of the exchange traded fund’s stock worth $60,874,000 after acquiring an additional 25,061 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $45.55 on Thursday. The firm has a market cap of $13.80 billion, a P/E ratio of 19.65 and a beta of 0.57. VanEck Gold Miners ETF has a 1-year low of $32.84 and a 1-year high of $53.25. The firm has a fifty day moving average of $46.58 and a two-hundred day moving average of $41.00.

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.