AK Global Asset Management LLC Takes Position in VanEck Gold Miners ETF $GDX

AK Global Asset Management LLC acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,500 shares of the exchange traded fund’s stock, valued at approximately $558,000. VanEck Gold Miners ETF makes up approximately 0.5% of AK Global Asset Management LLC’s portfolio, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of GDX. AQR Capital Management LLC raised its stake in shares of VanEck Gold Miners ETF by 106.2% in the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 12,408 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of VanEck Gold Miners ETF in the second quarter worth approximately $31,236,000. Cary Street Partners Financial LLC raised its stake in shares of VanEck Gold Miners ETF by 2.2% in the second quarter. Cary Street Partners Financial LLC now owns 30,499 shares of the exchange traded fund’s stock worth $1,588,000 after purchasing an additional 662 shares during the last quarter. Natixis raised its stake in shares of VanEck Gold Miners ETF by 196.1% in the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after purchasing an additional 17,716 shares during the last quarter. Finally, London & Capital Asset Management Ltd raised its stake in shares of VanEck Gold Miners ETF by 45.8% in the second quarter. London & Capital Asset Management Ltd now owns 412,814 shares of the exchange traded fund’s stock worth $21,491,000 after purchasing an additional 129,611 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 1.2%

Shares of VanEck Gold Miners ETF stock opened at $94.97 on Wednesday. The company has a market cap of $29.35 billion, a PE ratio of 21.70 and a beta of 0.63. VanEck Gold Miners ETF has a 52 week low of $41.17 and a 52 week high of $117.18. The business has a 50 day moving average price of $98.61 and a 200-day moving average price of $88.16.

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.