VanEck Gold Miners ETF $GDX Stock: Crescent Grove Advisors LLC Boosts Holdings

Crescent Grove Advisors LLC increased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 112.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 54,043 shares of the exchange traded fund’s stock after purchasing an additional 28,623 shares during the period. Crescent Grove Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $4,745,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GDX. Bank of America Corp DE raised its holdings in VanEck Gold Miners ETF by 11.5% in the 1st quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock valued at $765,849,000 after acquiring an additional 858,716 shares during the period. Bank of Nova Scotia increased its position in shares of VanEck Gold Miners ETF by 282.0% in the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock worth $247,133,000 after purchasing an additional 1,987,920 shares during the period. Meitav Investment House Ltd. raised its position in shares of VanEck Gold Miners ETF by 68.6% in the 1st quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock valued at $111,152,000 after buying an additional 493,000 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in VanEck Gold Miners ETF during the first quarter worth $84,873,000. Finally, IMC Chicago LLC raised its stake in VanEck Gold Miners ETF by 1,264.4% during the first quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock worth $64,053,000 after acquiring an additional 646,817 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $86.72 on Thursday. The stock has a market capitalization of $26.38 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a 52 week low of $68.13 and a 52 week high of $117.18. The stock has a fifty day moving average of $93.38 and a 200-day moving average of $87.68.

About VanEck Gold Miners ETF

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.