Gabelli Funds LLC Acquires 17,000 Shares of VanEck Vectors Gold Miners ETF (GDX)

Gabelli Funds LLC grew its holdings in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) by 184.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,200 shares of the exchange traded fund’s stock after acquiring an additional 17,000 shares during the period. Gabelli Funds LLC’s holdings in VanEck Vectors Gold Miners ETF were worth $609,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of VanEck Vectors Gold Miners ETF by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,992 shares of the exchange traded fund’s stock worth $1,369,000 after purchasing an additional 1,339 shares in the last quarter. Cypress Capital Management LLC WY increased its position in shares of VanEck Vectors Gold Miners ETF by 14.0% during the 3rd quarter. Cypress Capital Management LLC WY now owns 18,475 shares of the exchange traded fund’s stock worth $424,000 after purchasing an additional 2,275 shares in the last quarter. Oxbow Advisors LLC increased its position in shares of VanEck Vectors Gold Miners ETF by 15.4% during the 4th quarter. Oxbow Advisors LLC now owns 19,017 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 2,531 shares in the last quarter. Vantage Financial Partners Ltd. Inc. increased its position in shares of VanEck Vectors Gold Miners ETF by 1.4% during the 3rd quarter. Vantage Financial Partners Ltd. Inc. now owns 200,206 shares of the exchange traded fund’s stock worth $4,590,000 after purchasing an additional 2,700 shares in the last quarter. Finally, NEXT Financial Group Inc increased its position in shares of VanEck Vectors Gold Miners ETF by 11.7% during the 3rd quarter. NEXT Financial Group Inc now owns 31,915 shares of the exchange traded fund’s stock worth $761,000 after purchasing an additional 3,351 shares in the last quarter.

Shares of VanEck Vectors Gold Miners ETF (NYSEARCA GDX) opened at $23.01 on Thursday. The stock has a market cap of $7,170.00 and a PE ratio of -7.17. VanEck Vectors Gold Miners ETF has a 1 year low of $20.83 and a 1 year high of $25.58.

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VanEck Vectors 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.

Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Vectors Gold Miners ETF (NYSEARCA:GDX).

Institutional Ownership by Quarter for VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

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