VanEck Gold Miners ETF $GDX Shares Bought by Assetmark Inc.

Assetmark Inc. increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4,594.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,855 shares of the exchange traded fund’s stock after purchasing an additional 71,303 shares during the period. Assetmark Inc.’s holdings in VanEck Gold Miners ETF were worth $6,686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDX. Avalon Trust Co purchased a new stake in VanEck Gold Miners ETF in the 1st quarter worth approximately $26,000. Princeton Global Asset Management LLC purchased a new position in shares of VanEck Gold Miners ETF during the 1st quarter worth $27,000. Eukles Asset Management acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $27,000. Bayban acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $27,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at $33,000.

VanEck Gold Miners ETF Trading Up 4.9%

VanEck Gold Miners ETF stock opened at $74.19 on Wednesday. The stock has a fifty day moving average price of $80.70 and a 200 day moving average price of $91.45. VanEck Gold Miners ETF has a 52 week low of $51.37 and a 52 week high of $117.18. The firm has a market capitalization of $22.66 billion, a P/E ratio of 21.70 and a beta of 0.65.

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.