Cavalier Investments LLC Has $2.92 Million Holdings in VanEck Gold Miners ETF $GDX

Cavalier Investments LLC boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 40.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,156 shares of the exchange traded fund’s stock after purchasing an additional 11,063 shares during the quarter. VanEck Gold Miners ETF comprises about 0.2% of Cavalier Investments LLC’s investment portfolio, making the stock its 27th largest holding. Cavalier Investments LLC’s holdings in VanEck Gold Miners ETF were worth $2,915,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC boosted its holdings in VanEck Gold Miners ETF by 30.0% during the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after buying an additional 1,503,884 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of VanEck Gold Miners ETF by 766.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after acquiring an additional 4,574,598 shares during the last quarter. Slate Path Capital LP bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter valued at about $123,070,000. Pureheart Capital Pte Ltd. raised its position in shares of VanEck Gold Miners ETF by 1.4% in the 2nd quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock valued at $69,708,000 after acquiring an additional 19,000 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of VanEck Gold Miners ETF by 2.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock valued at $82,336,000 after acquiring an additional 25,688 shares during the period.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $93.26 on Friday. The firm has a market capitalization of $28.46 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The company’s 50 day simple moving average is $101.75 and its 200 day simple moving average is $85.37. VanEck Gold Miners ETF has a fifty-two week low of $40.26 and a fifty-two week high of $117.18.

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.