Catalyst Funds Management Pty Ltd Purchases New Shares in VanEck Gold Miners ETF $GDX

Catalyst Funds Management Pty Ltd purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 197,400 shares of the exchange traded fund’s stock, valued at approximately $10,277,000. VanEck Gold Miners ETF comprises approximately 2.8% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its biggest position. Catalyst Funds Management Pty Ltd owned about 0.07% of VanEck Gold Miners ETF as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of VanEck Gold Miners ETF by 18.8% during the 1st quarter. Bank of New York Mellon Corp now owns 10,992 shares of the exchange traded fund’s stock worth $505,000 after purchasing an additional 1,741 shares during the period. Allianz Asset Management GmbH bought a new stake in VanEck Gold Miners ETF in the first quarter worth about $9,566,000. Efficient Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $459,000. Advisors Preferred LLC bought a new position in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $592,000. Finally, IMA Advisory Services Inc. bought a new position in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $44,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $76.39 on Thursday. The stock has a 50 day moving average price of $74.50 and a 200 day moving average price of $61.32. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $85.08. The firm has a market capitalization of $22.94 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.