Parker Investment Management LLC Has $4.36 Million Stake in VanEck Gold Miners ETF $GDX

Parker Investment Management LLC reduced its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 92.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 50,839 shares of the exchange traded fund’s stock after selling 639,000 shares during the period. VanEck Gold Miners ETF comprises approximately 0.6% of Parker Investment Management LLC’s portfolio, making the stock its 15th biggest position. Parker Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $4,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDX. Morgan Stanley raised its position in VanEck Gold Miners ETF by 0.7% in the 4th quarter. Morgan Stanley now owns 12,876,546 shares of the exchange traded fund’s stock valued at $1,104,421,000 after buying an additional 90,514 shares during the last quarter. Rafferty Asset Management LLC boosted its stake 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 buying an additional 534,856 shares during the last quarter. M&T Bank Corp boosted its stake in shares of VanEck Gold Miners ETF by 7,491.6% in the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after buying an additional 1,998,748 shares during the last quarter. Rit Capital Partners PLC boosted its stake in shares of VanEck Gold Miners ETF by 74.7% in the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock worth $102,679,000 after buying an additional 512,000 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at $101,981,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $80.03 on Monday. The stock has a fifty day moving average price of $90.23 and a 200-day moving average price of $92.90. VanEck Gold Miners ETF has a 1 year low of $50.32 and a 1 year high of $117.18. The firm has a market cap of $24.66 billion, a PE ratio of 21.70 and a beta of 0.60.

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.