Banque Pictet & Cie SA Acquires 10,200 Shares of VanEck Gold Miners ETF $GDX

Banque Pictet & Cie SA grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,500 shares of the exchange traded fund’s stock after purchasing an additional 10,200 shares during the period. Banque Pictet & Cie SA’s holdings in VanEck Gold Miners ETF were worth $7,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. KFA Private Wealth Group LLC grew its holdings in VanEck Gold Miners ETF by 2.7% in the fourth quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 117 shares during the period. Highline Wealth Partners LLC raised its holdings in shares of VanEck Gold Miners ETF by 45.0% during the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 135 shares during the period. Chemistry Wealth Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 1.0% during the third quarter. Chemistry Wealth Management LLC now owns 13,909 shares of the exchange traded fund’s stock valued at $1,063,000 after purchasing an additional 136 shares during the period. LifeGoal Investments LLC boosted its position in shares of VanEck Gold Miners ETF by 3.6% during the 4th quarter. LifeGoal Investments LLC now owns 4,765 shares of the exchange traded fund’s stock worth $409,000 after purchasing an additional 164 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of VanEck Gold Miners ETF by 1.7% during the 3rd quarter. Sound Income Strategies LLC now owns 10,140 shares of the exchange traded fund’s stock worth $767,000 after purchasing an additional 169 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $94.59 on Friday. VanEck Gold Miners ETF has a one year low of $40.26 and a one year high of $117.18. The company has a market cap of $28.86 billion, a PE ratio of 21.70 and a beta of 0.55. The stock has a 50-day moving average of $99.41 and a 200-day moving average of $87.39.

VanEck Gold Miners ETF Company 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.