Magnus Financial Group LLC Buys 10,813 Shares of VanEck Gold Miners ETF $GDX

Magnus Financial Group LLC raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 23.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,770 shares of the exchange traded fund’s stock after buying an additional 10,813 shares during the quarter. Magnus Financial Group LLC’s holdings in VanEck Gold Miners ETF were worth $4,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of Nova Scotia grew its holdings in shares of VanEck Gold Miners ETF by 282.0% during the 1st quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after acquiring an additional 1,987,920 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of VanEck Gold Miners ETF in the first quarter worth $84,873,000. Bank of America Corp DE increased its stake in shares of VanEck Gold Miners ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after acquiring an additional 858,716 shares during the last quarter. IMC Chicago LLC raised its holdings in shares of VanEck Gold Miners ETF by 1,264.4% during the first quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock worth $64,053,000 after acquiring an additional 646,817 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of VanEck Gold Miners ETF by 1,206.7% during the first quarter. Renaissance Technologies LLC now owns 574,948 shares of the exchange traded fund’s stock worth $52,763,000 after acquiring an additional 530,948 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 0.7%

GDX opened at $86.72 on Thursday. The stock has a market cap of $26.38 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a 1 year low of $68.13 and a 1 year high of $117.18. The stock has a fifty day moving average price of $93.38 and a 200 day moving average price of $87.68.

VanEck Gold Miners ETF 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.