Sapient Capital LLC Acquires New Shares in VanEck Gold Miners ETF (NYSEARCA:GDX)

Sapient Capital LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 52,494 shares of the exchange traded fund’s stock, valued at approximately $1,628,000.

A number of other hedge funds also recently modified their holdings of GDX. Headlands Technologies LLC bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $26,000. Register Financial Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 58.5% during the 4th quarter. Register Financial Advisors LLC now owns 1,697 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 626 shares during the last quarter. VisionPoint Advisory Group LLC raised its position in VanEck Gold Miners ETF by 34.1% in the third quarter. VisionPoint Advisory Group LLC now owns 2,010 shares of the exchange traded fund’s stock valued at $54,000 after purchasing an additional 511 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of VanEck Gold Miners ETF by 206.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,057 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 1,386 shares during the last quarter. Finally, Oakworth Capital Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $69,000.

VanEck Gold Miners ETF Stock Down 0.4 %

GDX traded down $0.14 during trading on Friday, reaching $33.44. 23,408,094 shares of the stock traded hands, compared to its average volume of 26,269,031. The stock has a market capitalization of $13.37 billion, a PE ratio of 28.03 and a beta of 0.85. The stock’s 50-day moving average is $31.35 and its 200 day moving average is $29.82. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $36.26.

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.