VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lifted its position in VanEck Gold Miners ETF (NYSEARCA:GDXFree Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,831 shares of the exchange traded fund’s stock after acquiring an additional 2,491 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in VanEck Gold Miners ETF were worth $1,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Morgan Stanley boosted its position in VanEck Gold Miners ETF by 4.3% during the 3rd quarter. Morgan Stanley now owns 11,073,715 shares of the exchange traded fund’s stock valued at $297,994,000 after purchasing an additional 460,687 shares during the period. JPMorgan Chase & Co. boosted its position in VanEck Gold Miners ETF by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock valued at $255,051,000 after purchasing an additional 1,920,723 shares during the period. Rafferty Asset Management LLC boosted its position in VanEck Gold Miners ETF by 1.9% during the 4th quarter. Rafferty Asset Management LLC now owns 8,260,268 shares of the exchange traded fund’s stock valued at $256,151,000 after purchasing an additional 152,114 shares during the period. Toronto Dominion Bank boosted its position in VanEck Gold Miners ETF by 31.5% during the 3rd quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock valued at $83,028,000 after purchasing an additional 738,786 shares during the period. Finally, Desjardins Global Asset Management Inc. boosted its position in VanEck Gold Miners ETF by 705.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock valued at $63,204,000 after purchasing an additional 1,785,137 shares during the period.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $33.54 on Monday. VanEck Gold Miners ETF has a 12-month low of $25.62 and a 12-month high of $37.47. The firm has a market capitalization of $13.41 billion, a P/E ratio of 28.03 and a beta of 0.85. The business has a 50 day simple moving average of $34.41 and a 200 day simple moving average of $31.01.

VanEck Gold Miners ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VanEck Gold Miners ETF (NYSEARCA:GDX)

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