Wealthfront Advisers LLC Increases Stake in VanEck Gold Miners ETF $GDX

Wealthfront Advisers LLC increased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,205 shares of the exchange traded fund’s stock after buying an additional 12,529 shares during the period. Wealthfront Advisers LLC’s holdings in VanEck Gold Miners ETF were worth $9,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GDX. Caisse de depot et placement du Quebec purchased a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $218,971,000. M&T Bank Corp raised its position 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 acquiring an additional 1,998,748 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $101,981,000. Finally, Keystone Investors PTE Ltd. bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $57,449,000.

VanEck Gold Miners ETF Stock Down 0.1%

Shares of GDX stock opened at $71.32 on Friday. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The business’s fifty day moving average is $81.69 and its 200 day moving average is $91.60. VanEck Gold Miners ETF has a twelve month low of $51.12 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.