VanEck Gold Miners ETF $GDX Shares Acquired by Bank of America Corp DE

Bank of America Corp DE grew its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 11.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,345,307 shares of the exchange traded fund’s stock after acquiring an additional 858,716 shares during the period. Bank of America Corp DE’s holdings in VanEck Gold Miners ETF were worth $765,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GDX. Rit Capital Partners PLC increased its stake in shares of VanEck Gold Miners ETF by 74.7% during the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock worth $102,679,000 after purchasing an additional 512,000 shares during the last quarter. Sequent Planning LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at $491,000. Banque Pictet & Cie SA lifted its stake in shares of VanEck Gold Miners ETF by 13.9% in the 4th quarter. Banque Pictet & Cie SA now owns 83,500 shares of the exchange traded fund’s stock valued at $7,162,000 after purchasing an additional 10,200 shares during the last quarter. Key Capital Management INC bought a new stake in VanEck Gold Miners ETF in the fourth quarter worth $492,000. Finally, Primoris Wealth Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 405.6% in the fourth quarter. Primoris Wealth Advisors LLC now owns 27,300 shares of the exchange traded fund’s stock worth $2,342,000 after purchasing an additional 21,900 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $74.10 on Friday. VanEck Gold Miners ETF has a one year low of $51.37 and a one year high of $117.18. The company’s fifty day moving average price is $78.61 and its two-hundred day moving average price is $90.62. The company has a market capitalization of $22.60 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65.

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.