Family Asset Management LLC Invests $38,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

Family Asset Management LLC purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,219 shares of the exchange traded fund’s stock, valued at approximately $38,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its position in shares of VanEck Gold Miners ETF by 4.3% during the third quarter. Morgan Stanley now owns 11,073,715 shares of the exchange traded fund’s stock worth $297,994,000 after acquiring an additional 460,687 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of VanEck Gold Miners ETF by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock valued at $255,051,000 after purchasing an additional 1,920,723 shares during the period. Rafferty Asset Management LLC boosted its position in shares of VanEck Gold Miners ETF by 6.5% during the third quarter. Rafferty Asset Management LLC now owns 8,108,154 shares of the exchange traded fund’s stock worth $218,190,000 after buying an additional 493,627 shares during the period. Toronto Dominion Bank grew its holdings in VanEck Gold Miners ETF by 31.5% in the 3rd quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock worth $83,028,000 after buying an additional 738,786 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. increased its position in VanEck Gold Miners ETF by 705.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock valued at $63,204,000 after acquiring an additional 1,785,137 shares during the period.

VanEck Gold Miners ETF Stock Up 0.6 %

GDX stock traded up $0.21 during trading on Wednesday, reaching $34.38. 8,544,324 shares of the company’s stock were exchanged, compared to its average volume of 25,825,598. The firm has a market cap of $13.74 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1-year low of $25.62 and a 1-year high of $35.74. The company’s fifty day moving average price is $31.67 and its 200-day moving average price is $29.89.

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.