Keystone Investors PTE Ltd. Invests $57.45 Million in VanEck Gold Miners ETF $GDX

Keystone Investors PTE Ltd. bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, Holdings Channel.com reports. The fund bought 669,804 shares of the exchange traded fund’s stock, valued at approximately $57,449,000. VanEck Gold Miners ETF makes up approximately 5.2% of Keystone Investors PTE Ltd.’s holdings, making the stock its 5th biggest holding.

Several other hedge funds have also recently modified their holdings of GDX. Delta Asset Management LLC TN grew its holdings in VanEck Gold Miners ETF by 9.1% during the 4th quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock worth $103,000 after acquiring an additional 100 shares in the last quarter. Clear Creek Financial Management LLC grew its holdings in VanEck Gold Miners ETF by 0.8% during the 4th quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock worth $1,171,000 after acquiring an additional 112 shares in the last quarter. KFA Private Wealth Group LLC grew its holdings in VanEck Gold Miners ETF by 2.7% during the 4th quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after acquiring an additional 117 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in VanEck Gold Miners ETF by 5.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock worth $210,000 after acquiring an additional 117 shares in the last quarter. Finally, Wakefield Asset Management LLLP grew its holdings in VanEck Gold Miners ETF by 0.4% during the 4th quarter. Wakefield Asset Management LLLP now owns 34,675 shares of the exchange traded fund’s stock worth $2,974,000 after acquiring an additional 129 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $80.03 on Friday. VanEck Gold Miners ETF has a 1 year low of $50.32 and a 1 year high of $117.18. The firm’s 50-day moving average is $90.23 and its two-hundred day moving average is $92.79. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60.

About VanEck Gold Miners ETF

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.