VanEck Gold Miners ETF $GDX Shares Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC increased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 113.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,008 shares of the exchange traded fund’s stock after buying an additional 14,866 shares during the period. Magnus Financial Group LLC’s holdings in VanEck Gold Miners ETF were worth $2,140,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC increased its position in shares of VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of VanEck Gold Miners ETF by 766.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after buying an additional 4,574,598 shares in the last quarter. Slate Path Capital LP acquired a new stake in VanEck Gold Miners ETF during the 2nd quarter worth $123,070,000. Pureheart Capital Pte Ltd. lifted its position in VanEck Gold Miners ETF by 1.4% in the second quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock valued at $69,708,000 after acquiring an additional 19,000 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of VanEck Gold Miners ETF by 99.1% during the second quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock worth $67,990,000 after purchasing an additional 650,000 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $96.86 on Thursday. The stock has a 50-day simple moving average of $83.67 and a 200-day simple moving average of $71.09. The company has a market capitalization of $29.07 billion, a P/E ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a fifty-two week low of $36.12 and a fifty-two week high of $98.42.

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.