Arrowpoint Investment Partners Singapore Pte. Ltd. Acquires New Stake in VanEck Gold Miners ETF $GDX

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,100 shares of the exchange traded fund’s stock, valued at approximately $848,000. VanEck Gold Miners ETF comprises about 0.8% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of VanEck Gold Miners ETF by 766.7% during the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock worth $207,091,000 after purchasing an additional 4,574,598 shares in the last quarter. Slate Path Capital LP purchased a new position in VanEck Gold Miners ETF in the 2nd quarter valued at about $123,070,000. Rafferty Asset Management LLC boosted its holdings in 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 worth $338,966,000 after buying an additional 1,503,884 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in VanEck Gold Miners ETF in the 3rd quarter worth about $70,231,000. Finally, Meitav Investment House Ltd. increased its stake in VanEck Gold Miners ETF by 3,846.2% during the 3rd quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after buying an additional 700,000 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $93.26 on Friday. The stock has a market capitalization of $28.46 billion, a P/E ratio of 21.70 and a beta of 0.55. The business has a 50 day simple moving average of $101.75 and a two-hundred day simple moving average of $85.20. VanEck Gold Miners ETF has a 12 month low of $40.26 and a 12 month high of $117.18.

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.