Financial Enhancement Group LLC Takes $2.87 Million Position in VanEck Gold Miners ETF $GDX

Financial Enhancement Group LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,639 shares of the exchange traded fund’s stock, valued at approximately $2,874,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in VanEck Gold Miners ETF by 106.2% in the 1st quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after buying an additional 12,408 shares in the last quarter. Invesco Ltd. acquired a new position in VanEck Gold Miners ETF during the 2nd quarter worth approximately $31,236,000. Natixis raised its stake in VanEck Gold Miners ETF by 196.1% during the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after buying an additional 17,716 shares during the period. Qube Research & Technologies Ltd boosted its holdings in VanEck Gold Miners ETF by 194.3% in the second quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after acquiring an additional 24,022 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in VanEck Gold Miners ETF in the second quarter worth approximately $846,000.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $74.59 on Thursday. VanEck Gold Miners ETF has a 52 week low of $50.32 and a 52 week high of $117.18. The stock has a 50 day moving average price of $87.89 and a two-hundred day moving average price of $92.93. The stock has a market capitalization of $22.98 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.