Fourpath Capital Management LLC Raises Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Fourpath Capital Management LLC raised its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,985 shares of the exchange traded fund’s stock after purchasing an additional 9,456 shares during the period. VanEck Gold Miners ETF accounts for 1.1% of Fourpath Capital Management LLC’s holdings, making the stock its 23rd biggest position. Fourpath Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $6,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Quadrature Capital Ltd purchased a new position in VanEck Gold Miners ETF in the 3rd quarter valued at about $76,065,000. Carrhae Capital LLP purchased a new position in shares of VanEck Gold Miners ETF in the third quarter worth about $43,073,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in VanEck Gold Miners ETF during the third quarter worth about $35,838,000. Fiduciary Family Office LLC purchased a new stake in VanEck Gold Miners ETF during the 4th quarter valued at about $25,807,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in VanEck Gold Miners ETF by 70.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after acquiring an additional 760,722 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

GDX opened at $39.56 on Tuesday. The company’s 50 day simple moving average is $36.46 and its two-hundred day simple moving average is $37.97. The firm has a market capitalization of $15.81 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22.

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.