Quattro Financial Advisors LLC Increases Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Quattro Financial Advisors LLC raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 96,674.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the exchange traded fund’s stock after purchasing an additional 29,969 shares during the quarter. Quattro Financial Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $949,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GDX. Alaska Permanent Fund Corp grew its stake in shares of VanEck Gold Miners ETF by 132.1% in the 1st quarter. Alaska Permanent Fund Corp now owns 3,940,340 shares of the exchange traded fund’s stock valued at $124,594,000 after purchasing an additional 2,242,823 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of VanEck Gold Miners ETF by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock valued at $255,051,000 after purchasing an additional 1,920,723 shares during the last quarter. GLOBALT Investments LLC GA purchased a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $58,686,000. Desjardins Global Asset Management Inc. grew its stake in shares of VanEck Gold Miners ETF by 705.5% in 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 purchasing an additional 1,785,137 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $33,675,000.

VanEck Gold Miners ETF Trading Up 0.4 %

Shares of GDX traded up $0.13 during mid-day trading on Tuesday, hitting $34.03. The company’s stock had a trading volume of 12,881,996 shares, compared to its average volume of 24,441,654. The firm has a 50-day simple moving average of $34.56 and a 200 day simple moving average of $31.40. The firm has a market capitalization of $13.60 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1-year low of $25.62 and a 1-year high of $37.47.

VanEck Gold Miners ETF 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.