VMS Asset Management Limited Purchases Shares of 86,010 VanEck Gold Miners ETF $GDX

VMS Asset Management Limited purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, Holdings Channel reports. The firm purchased 86,010 shares of the exchange traded fund’s stock, valued at approximately $7,377,000. VanEck Gold Miners ETF accounts for approximately 2.8% of VMS Asset Management Limited’s holdings, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp boosted its holdings in shares of VanEck Gold Miners ETF by 7,491.6% in the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after buying an additional 1,998,748 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 30.0% in the 2nd 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. Menora Mivtachim Holdings LTD. purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $70,231,000. Invesco Ltd. purchased a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $31,236,000. Finally, Rit Capital Partners PLC boosted its holdings in shares of VanEck Gold Miners ETF by 74.7% in the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock worth $102,679,000 after buying an additional 512,000 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $86.40 on Friday. The company’s 50-day moving average is $91.46 and its 200 day moving average is $92.79. The company has a market capitalization of $26.62 billion, a P/E ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a fifty-two week low of $50.32 and a fifty-two week 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.