Hsbc Holdings PLC Has $16.26 Million Stake in VanEck Gold Miners ETF $GDX

Hsbc Holdings PLC raised its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 359.5% in the 1st quarter, Holdings Channel reports. The firm owned 178,375 shares of the exchange traded fund’s stock after purchasing an additional 139,555 shares during the quarter. Hsbc Holdings PLC’s holdings in VanEck Gold Miners ETF were worth $16,259,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GDX. Caisse de depot et placement du Quebec bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $218,971,000. M&T Bank Corp increased its stake in shares of VanEck Gold Miners ETF by 7,491.6% in the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after buying an additional 1,998,748 shares during the period. Rafferty Asset Management LLC raised its position in shares of VanEck Gold Miners ETF by 30.0% during the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after acquiring an additional 1,503,884 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $101,981,000. Finally, Keystone Investors PTE Ltd. acquired a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $57,449,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $76.68 on Thursday. The stock has a market capitalization of $23.42 billion, a PE ratio of 21.70 and a beta of 0.65. The business’s 50 day simple moving average is $80.30 and its 200 day simple moving average is $91.38. VanEck Gold Miners ETF has a one year low of $51.37 and a one year high of $117.18.

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.