Rafferty Asset Management LLC Boosts Holdings in VanEck Gold Miners ETF $GDX

Rafferty Asset Management LLC boosted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,518,736 shares of the exchange traded fund’s stock after buying an additional 7,666 shares during the quarter. VanEck Gold Miners ETF makes up about 1.6% of Rafferty Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Rafferty Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $498,031,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GDX. Caitlin John LLC purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth $111,000. Accredited Wealth Management LLC increased its stake in shares of VanEck Gold Miners ETF by 608.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 32,689 shares of the exchange traded fund’s stock worth $2,497,000 after purchasing an additional 28,074 shares in the last quarter. Sava Penzisko Drushtvo A.D. Skopje bought a new position in VanEck Gold Miners ETF in the 3rd quarter worth $13,758,000. Hohimer Wealth Management LLC purchased a new position in VanEck Gold Miners ETF during the third quarter valued at $3,989,000. Finally, Choreo LLC lifted its position in VanEck Gold Miners ETF by 13.0% during the third quarter. Choreo LLC now owns 4,818 shares of the exchange traded fund’s stock valued at $368,000 after purchasing an additional 554 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $115.84 on Friday. The stock has a 50-day simple moving average of $98.78 and a two-hundred day simple moving average of $82.12. The firm has a market capitalization of $35.35 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 52-week low of $38.58 and a 52-week high of $115.99.

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.