VanEck Gold Miners ETF $GDX Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 12,678.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 110,789 shares of the exchange traded fund’s stock after buying an additional 109,922 shares during the quarter. Fifth Third Bancorp’s holdings in VanEck Gold Miners ETF were worth $10,167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eukles Asset Management acquired a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth about $27,000. Bayban acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at about $27,000. Princeton Global Asset Management LLC acquired a new position in VanEck Gold Miners ETF in the first quarter valued at about $27,000. Evolution Wealth Management Inc. purchased a new position in VanEck Gold Miners ETF during the first quarter worth about $33,000. Finally, Morton Brown Family Wealth LLC purchased a new position in VanEck Gold Miners ETF during the fourth quarter worth about $36,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $74.88 on Wednesday. The firm has a 50-day simple moving average of $82.93 and a two-hundred day simple moving average of $91.99. The stock has a market cap of $22.86 billion, a PE ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 1-year low of $50.44 and a 1-year 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.