Quantitative Investment Management LLC Invests $9.74 Million in VanEck Gold Miners ETF $GDX

Quantitative Investment Management LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 129,137 shares of the exchange traded fund’s stock, valued at approximately $9,743,000. VanEck Gold Miners ETF accounts for approximately 1.1% of Quantitative Investment Management LLC’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 106.2% during the 1st quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after buying an additional 12,408 shares in the last quarter. Invesco Ltd. bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter valued at $31,236,000. Natixis increased its stake in shares of VanEck Gold Miners ETF by 196.1% in the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock valued at $1,393,000 after acquiring an additional 17,716 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of VanEck Gold Miners ETF by 194.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock valued at $1,894,000 after acquiring an additional 24,022 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in shares of VanEck Gold Miners ETF during the 2nd quarter valued at $846,000.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $99.65 on Monday. The stock has a market capitalization of $30.40 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The firm has a fifty day simple moving average of $82.34 and a two-hundred day simple moving average of $89.47. VanEck Gold Miners ETF has a 12 month low of $61.21 and a 12 month high of $117.18.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.