IronBridge Private Wealth LLC Takes Position in VanEck Gold Miners ETF $GDX

IronBridge Private Wealth LLC acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 137,232 shares of the exchange traded fund’s stock, valued at approximately $10,485,000. VanEck Gold Miners ETF accounts for 3.3% of IronBridge Private Wealth LLC’s portfolio, making the stock its 10th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Rafferty Asset Management LLC lifted its stake in 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 purchasing an additional 1,503,884 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of VanEck Gold Miners ETF by 766.7% in the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock worth $207,091,000 after purchasing an additional 4,574,598 shares during the period. Slate Path Capital LP purchased a new stake in shares of VanEck Gold Miners ETF in the second quarter worth $123,070,000. Pureheart Capital Pte Ltd. boosted its stake in 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 period. Finally, Teacher Retirement System of Texas grew its position in VanEck Gold Miners ETF by 99.1% during the second quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock worth $67,990,000 after buying an additional 650,000 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 3.8%

Shares of NYSEARCA GDX opened at $105.17 on Friday. The stock’s 50-day simple moving average is $86.64 and its two-hundred day simple moving average is $72.94. VanEck Gold Miners ETF has a twelve month low of $36.84 and a twelve month high of $105.84. The firm has a market capitalization of $31.52 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.