Renaissance Technologies LLC boosted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 1,206.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 574,948 shares of the exchange traded fund’s stock after purchasing an additional 530,948 shares during the period. Renaissance Technologies LLC owned about 0.19% of VanEck Gold Miners ETF worth $52,763,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GDX. Avalon Trust Co bought a new stake in VanEck Gold Miners ETF during the first quarter worth about $26,000. Princeton Global Asset Management LLC bought a new position in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $27,000. Eukles Asset Management bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $27,000. Bayban acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. acquired a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth approximately $33,000.
VanEck Gold Miners ETF Price Performance
NYSEARCA GDX opened at $75.23 on Monday. The firm has a market cap of $23.01 billion, a PE ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a one year low of $51.37 and a one year high of $117.18. The stock’s 50 day simple moving average is $79.68 and its 200 day simple moving average is $91.21.
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.
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