Renaissance Technologies LLC Has $52.76 Million Stake in VanEck Gold Miners ETF $GDX

Renaissance Technologies LLC increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1,206.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 574,948 shares of the exchange traded fund’s stock after purchasing an additional 530,948 shares during the quarter. Renaissance Technologies LLC’s holdings in VanEck Gold Miners ETF were worth $52,763,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GDX. Caisse de depot et placement du Quebec bought a new position in VanEck Gold Miners ETF in the 4th quarter worth approximately $218,971,000. M&T Bank Corp boosted its position in VanEck Gold Miners ETF by 7,491.6% in the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after buying an additional 1,998,748 shares during the last quarter. Bank of Nova Scotia boosted its position in VanEck Gold Miners ETF by 282.0% in the 1st quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after buying an additional 1,987,920 shares during the last quarter. Rafferty Asset Management LLC increased its stake in shares of VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after buying an additional 1,503,884 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at $101,981,000.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $75.23 on Monday. VanEck Gold Miners ETF has a twelve month low of $51.37 and a twelve month high of $117.18. The company has a market cap of $23.01 billion, a P/E ratio of 21.70 and a beta of 0.65. The business has a fifty day moving average of $79.68 and a 200-day moving average of $91.21.

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.