Polymer Capital Management HK LTD Raises Stake in VanEck Gold Miners ETF $GDX

Polymer Capital Management HK LTD increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 28.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 99,479 shares of the exchange traded fund’s stock after purchasing an additional 22,032 shares during the period. VanEck Gold Miners ETF accounts for 1.2% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its 21st largest position. Polymer Capital Management HK LTD’s holdings in VanEck Gold Miners ETF were worth $8,532,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Beck Capital Management LLC lifted its holdings in VanEck Gold Miners ETF by 467.0% during the 4th quarter. Beck Capital Management LLC now owns 42,575 shares of the exchange traded fund’s stock worth $3,652,000 after purchasing an additional 35,066 shares in the last quarter. Keystone Investors PTE Ltd. bought a new position in VanEck Gold Miners ETF in the 4th quarter worth about $57,449,000. United Capital Management of KS Inc. bought a new position in VanEck Gold Miners ETF in the 4th quarter worth about $1,246,000. Douglass Winthrop Advisors LLC increased its stake in VanEck Gold Miners ETF by 29.2% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 9,075 shares of the exchange traded fund’s stock worth $778,000 after acquiring an additional 2,050 shares during the last quarter. Finally, FineMark National Bank & Trust bought a new position in VanEck Gold Miners ETF in the 4th quarter worth about $211,000.

VanEck Gold Miners ETF Stock Up 3.0%

Shares of NYSEARCA GDX opened at $80.03 on Friday. The firm has a market capitalization of $24.66 billion, a P/E ratio of 21.70 and a beta of 0.60. The stock’s 50-day simple moving average is $90.23 and its two-hundred day simple moving average is $92.79. VanEck Gold Miners ETF has a twelve month low of $50.32 and a twelve month high of $117.18.

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.