Brown Brothers Harriman & Co. Makes New Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Brown Brothers Harriman & Co. acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,062 shares of the exchange traded fund’s stock, valued at approximately $281,000.

Several other institutional investors have also added to or reduced their stakes in GDX. National Bank of Canada FI lifted its stake in VanEck Gold Miners ETF by 89.0% in the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock worth $132,617,000 after acquiring an additional 1,842,885 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of VanEck Gold Miners ETF by 3,646.0% during the second quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock valued at $58,333,000 after purchasing an additional 1,673,315 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of VanEck Gold Miners ETF by 19.4% during the second quarter. Commonwealth Equity Services LLC now owns 1,104,857 shares of the exchange traded fund’s stock valued at $37,488,000 after purchasing an additional 179,885 shares in the last quarter. Carrhae Capital LLP purchased a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $43,073,000. Finally, Raymond James & Associates raised its stake in VanEck Gold Miners ETF by 6.2% in the third quarter. Raymond James & Associates now owns 931,421 shares of the exchange traded fund’s stock worth $37,089,000 after buying an additional 54,098 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 0.4 %

Shares of NYSEARCA GDX opened at $37.44 on Thursday. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The stock’s fifty day simple moving average is $39.74 and its two-hundred day simple moving average is $37.59. The stock has a market capitalization of $14.97 billion, a PE ratio of 28.03 and a beta of 0.85.

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.