Keystone Investors PTE Ltd. Makes New Investment in VanEck Gold Miners ETF $GDX

Keystone Investors PTE Ltd. purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 669,804 shares of the exchange traded fund’s stock, valued at approximately $57,449,000. VanEck Gold Miners ETF accounts for 5.2% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 5th biggest position. Keystone Investors PTE Ltd. owned approximately 0.22% of VanEck Gold Miners ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of GDX. Eukles Asset Management bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $27,000. Morton Brown Family Wealth LLC bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $36,000. Family Management Corp bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth approximately $38,000. Hantz Financial Services Inc. lifted its holdings in shares of VanEck Gold Miners ETF by 298.2% in the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 337 shares in the last quarter. Finally, Greykasell Wealth Strategies Inc. purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth $51,000.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $80.03 on Friday. VanEck Gold Miners ETF has a one year low of $50.32 and a one year high of $117.18. The company’s fifty day moving average price is $90.23 and its 200-day moving average price is $92.79. The company has a market capitalization of $24.66 billion, a PE ratio of 21.70 and a beta of 0.60.

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.