VanEck Gold Miners ETF $GDX Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 590.1% during the 1st quarter, Holdings Channel reports. The fund owned 52,952 shares of the exchange traded fund’s stock after acquiring an additional 45,279 shares during the quarter. Principal Financial Group Inc.’s holdings in VanEck Gold Miners ETF were worth $4,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Eukles Asset Management bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth $27,000. Bayban bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at about $27,000. Princeton Global Asset Management LLC bought a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at about $27,000. Evolution Wealth Management Inc. acquired a new stake in VanEck Gold Miners ETF in the first quarter worth about $33,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in VanEck Gold Miners ETF in the fourth quarter worth about $36,000.

VanEck Gold Miners ETF Stock Down 2.0%

Shares of GDX opened at $74.21 on Wednesday. The firm has a 50-day moving average price of $79.26 and a 200 day moving average price of $90.98. The firm has a market capitalization of $22.70 billion, a PE ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 52-week low of $51.37 and a 52-week 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.