Q Fund Management Hong Kong Ltd Acquires New Position in VanEck Gold Miners ETF $GDX

Q Fund Management Hong Kong Ltd bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 16,000 shares of the exchange traded fund’s stock, valued at approximately $1,372,000. VanEck Gold Miners ETF makes up 1.3% of Q Fund Management Hong Kong Ltd’s investment portfolio, making the stock its 11th largest position.

Several other large investors also recently bought and sold shares of GDX. Rafferty Asset Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 30.0% in 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 buying an additional 1,503,884 shares during the last quarter. Slate Path Capital LP purchased a new stake in shares of VanEck Gold Miners ETF during the second quarter valued at $123,070,000. Pureheart Capital Pte Ltd. grew its holdings in shares of VanEck Gold Miners ETF by 1.4% during the second quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock valued at $69,708,000 after buying an additional 19,000 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of VanEck Gold Miners ETF by 2.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock valued at $82,336,000 after acquiring an additional 25,688 shares during the period. Finally, Ion Asset Management Ltd. increased its position in shares of VanEck Gold Miners ETF by 0.5% in the 2nd quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock valued at $50,965,000 after acquiring an additional 4,420 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $85.79 on Friday. The business has a fifty day moving average of $100.18 and a 200 day moving average of $86.75. VanEck Gold Miners ETF has a 1 year low of $40.26 and a 1 year high of $117.18. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

About VanEck Gold Miners ETF

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.