Menora Mivtachim Holdings LTD. Makes New $70.23 Million Investment in VanEck Gold Miners ETF $GDX

Menora Mivtachim Holdings LTD. bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 919,250 shares of the exchange traded fund’s stock, valued at approximately $70,231,000. Menora Mivtachim Holdings LTD. owned 0.31% of VanEck Gold Miners ETF at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. New Republic Capital LLC bought a new stake in shares of VanEck Gold Miners ETF during the third quarter worth approximately $29,000. Highline Wealth Partners LLC lifted its holdings in VanEck Gold Miners ETF by 45.0% in the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 135 shares during the period. Tradewinds Capital Management LLC boosted its stake in VanEck Gold Miners ETF by 162.5% in the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 325 shares during the last quarter. Activest Wealth Management bought a new position in VanEck Gold Miners ETF in the third quarter valued at approximately $50,000. Finally, Russell Investments Group Ltd. grew its holdings in VanEck Gold Miners ETF by 819.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 791 shares of the exchange traded fund’s stock worth $60,000 after acquiring an additional 705 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $99.30 on Friday. The firm has a fifty day moving average of $101.60 and a two-hundred day moving average of $84.98. The stock has a market capitalization of $30.30 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 52 week low of $40.26 and a 52 week high of $117.18.

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.