Cidel Asset Management Inc. Purchases 7,287 Shares of VanEck Gold Miners ETF $GDX

Cidel Asset Management Inc. grew its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 65.0% in the 1st quarter, HoldingsChannel reports. The firm owned 18,504 shares of the exchange traded fund’s stock after acquiring an additional 7,287 shares during the quarter. Cidel Asset Management Inc.’s holdings in VanEck Gold Miners ETF were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley raised its position in VanEck Gold Miners ETF by 0.7% in the fourth quarter. Morgan Stanley now owns 12,876,546 shares of the exchange traded fund’s stock worth $1,104,421,000 after acquiring an additional 90,514 shares during the period. Rafferty Asset Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 8.2% in the 4th quarter. Rafferty Asset Management LLC now owns 7,053,592 shares of the exchange traded fund’s stock worth $604,987,000 after purchasing an additional 534,856 shares during the period. Caisse de depot et placement du Quebec purchased a new position in VanEck Gold Miners ETF in the fourth quarter valued at approximately $218,971,000. M&T Bank Corp lifted its stake in VanEck Gold Miners ETF by 7,491.6% in the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after purchasing an additional 1,998,748 shares during the last quarter. Finally, Rit Capital Partners PLC grew its holdings in VanEck Gold Miners ETF by 74.7% during the fourth quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after purchasing an additional 512,000 shares during the period.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $77.66 on Wednesday. The company has a market capitalization of $23.93 billion, a price-to-earnings 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. The stock has a fifty day moving average of $88.37 and a 200-day moving average of $92.98.

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.