Foster & Motley Inc. Invests $282,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

Foster & Motley Inc. purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 9,106 shares of the exchange traded fund’s stock, valued at approximately $282,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Theory Financial LLC lifted its stake in VanEck Gold Miners ETF by 20.4% in the 3rd quarter. Theory Financial LLC now owns 122,839 shares of the exchange traded fund’s stock valued at $3,306,000 after purchasing an additional 20,837 shares during the last quarter. International Assets Investment Management LLC acquired a new position in VanEck Gold Miners ETF in the 4th quarter valued at approximately $33,675,000. Capital Investment Advisors LLC increased its position in VanEck Gold Miners ETF by 14.3% in the 4th quarter. Capital Investment Advisors LLC now owns 12,661 shares of the exchange traded fund’s stock valued at $393,000 after acquiring an additional 1,584 shares during the period. Chevy Chase Trust Holdings LLC acquired a new position in VanEck Gold Miners ETF in the 4th quarter valued at approximately $13,822,000. Finally, Hudson Bay Capital Management LP increased its position in VanEck Gold Miners ETF by 29.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 32,250 shares of the exchange traded fund’s stock valued at $868,000 after acquiring an additional 7,250 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $33.12 on Thursday. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $36.26. The firm has a 50 day moving average price of $30.35 and a two-hundred day moving average price of $29.56. The stock has a market cap of $13.85 billion, a P/E ratio of 28.20 and a beta of 0.81.

VanEck Gold Miners ETF Company 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.