Capital Management Associates NY Buys 7,000 Shares of VanEck Gold Miners ETF $GDX

Capital Management Associates NY raised its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 41.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,000 shares of the exchange traded fund’s stock after purchasing an additional 7,000 shares during the period. VanEck Gold Miners ETF accounts for about 3.0% of Capital Management Associates NY’s investment portfolio, making the stock its 13th biggest holding. Capital Management Associates NY’s holdings in VanEck Gold Miners ETF were worth $2,058,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in GDX. M&T Bank Corp boosted its stake in shares of 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 worth $173,721,000 after acquiring an additional 1,998,748 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after acquiring an additional 1,503,884 shares during the period. Menora Mivtachim Holdings LTD. bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth about $70,231,000. Parker Investment Management LLC bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth about $52,704,000. Finally, Rit Capital Partners PLC bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth about $52,320,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $85.02 on Tuesday. The firm has a market cap of $26.19 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61. The business has a 50-day moving average price of $91.52 and a 200-day moving average price of $92.11. VanEck Gold Miners ETF has a twelve month low of $49.34 and a twelve month high of $117.18.

About VanEck Gold Miners ETF

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.