Quintet Private Bank Europe S.A. Takes Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Quintet Private Bank Europe S.A. purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,500 shares of the exchange traded fund’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in VanEck Gold Miners ETF by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock worth $255,051,000 after acquiring an additional 1,920,723 shares in the last quarter. GLOBALT Investments LLC GA bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $58,686,000. Desjardins Global Asset Management Inc. raised its holdings in shares of VanEck Gold Miners ETF by 705.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock valued at $63,204,000 after buying an additional 1,785,137 shares in the last quarter. International Assets Investment Management LLC bought a new stake in VanEck Gold Miners ETF in the 4th quarter worth approximately $33,675,000. Finally, Toronto Dominion Bank boosted its stake in VanEck Gold Miners ETF by 31.5% in the third quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock worth $83,028,000 after buying an additional 738,786 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock traded up $0.26 during mid-day trading on Friday, hitting $33.41. The company’s stock had a trading volume of 17,444,694 shares, compared to its average volume of 25,338,313. The business has a 50 day moving average price of $34.51 and a 200-day moving average price of $31.11. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $37.47. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.