Oxbow Advisors LLC Purchases 41,293 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Oxbow Advisors LLC boosted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 97.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 83,832 shares of the exchange traded fund’s stock after purchasing an additional 41,293 shares during the period. Oxbow Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,844,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDX. International Assets Investment Management LLC acquired a new position in VanEck Gold Miners ETF in the 4th quarter valued at about $1,044,000. Benjamin F. Edwards & Company Inc. grew its holdings in VanEck Gold Miners ETF by 206.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,057 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 1,386 shares in the last quarter. M&T Bank Corp increased its position in VanEck Gold Miners ETF by 2.3% during the 4th quarter. M&T Bank Corp now owns 27,110 shares of the exchange traded fund’s stock worth $841,000 after buying an additional 610 shares during the period. Lincoln National Corp lifted its holdings in shares of VanEck Gold Miners ETF by 6.7% during the fourth quarter. Lincoln National Corp now owns 13,154 shares of the exchange traded fund’s stock worth $408,000 after buying an additional 825 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its position in shares of VanEck Gold Miners ETF by 13.3% in the fourth quarter. Picton Mahoney Asset Management now owns 8,500 shares of the exchange traded fund’s stock valued at $264,000 after acquiring an additional 1,000 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock traded down $1.01 on Friday, hitting $36.32. The company’s stock had a trading volume of 19,939,184 shares, compared to its average volume of 22,764,180. VanEck Gold Miners ETF has a fifty-two week low of $25.62 and a fifty-two week high of $39.97. The company has a market capitalization of $14.52 billion, a PE ratio of 28.03 and a beta of 0.85. The stock’s 50 day moving average is $37.26 and its 200-day moving average is $34.22.

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.