Fiduciary Family Office LLC Acquires New Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Fiduciary Family Office LLC acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 761,043 shares of the exchange traded fund’s stock, valued at approximately $25,807,000. VanEck Gold Miners ETF makes up approximately 7.6% of Fiduciary Family Office LLC’s portfolio, making the stock its 2nd largest holding. Fiduciary Family Office LLC owned 0.19% of VanEck Gold Miners ETF at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in VanEck Gold Miners ETF by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock valued at $379,397,000 after acquiring an additional 294,034 shares in the last quarter. Quadrature Capital Ltd acquired a new position in VanEck Gold Miners ETF in the 3rd quarter valued at about $76,065,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in VanEck Gold Miners ETF by 70.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after purchasing an additional 760,722 shares during the last quarter. Stifel Financial Corp boosted its holdings in VanEck Gold Miners ETF by 6.9% in the 3rd quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock valued at $51,783,000 after purchasing an additional 84,471 shares during the last quarter. Finally, Carrhae Capital LLP acquired a new position in VanEck Gold Miners ETF in the 3rd quarter valued at about $43,073,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $37.53 on Thursday. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The company’s 50-day moving average is $36.29 and its two-hundred day moving average is $37.94. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22.

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.