Mirae Asset Global Investments Co. Ltd. Makes New $1.48 Million Investment in VanEck Gold Miners ETF $GDX

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 16,900 shares of the exchange traded fund’s stock, valued at approximately $1,484,000.

Several other hedge funds also recently added to or reduced their stakes in GDX. Avalon Trust Co purchased a new stake in VanEck Gold Miners ETF in the first quarter valued at about $26,000. Hickory Point Bank & Trust acquired a new stake in VanEck Gold Miners ETF in the third quarter worth about $30,000. Eastern Bank acquired a new stake in VanEck Gold Miners ETF in the third quarter worth about $53,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $67,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $73,000.

VanEck Gold Miners ETF Stock Up 2.2%

Shares of VanEck Gold Miners ETF stock opened at $87.60 on Friday. The company has a 50 day moving average price of $89.57 and a 200 day moving average price of $90.34. The firm has a market capitalization of $27.01 billion, a P/E ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 52 week low of $69.74 and a 52 week high of $117.18.

VanEck Gold Miners ETF Company 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.