Natural Investments LLC Makes New $4.87 Million Investment in VanEck Gold Miners ETF $GDX

Natural Investments LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, HoldingsChannel reports. The fund bought 63,705 shares of the exchange traded fund’s stock, valued at approximately $4,867,000. VanEck Gold Miners ETF accounts for approximately 1.1% of Natural Investments LLC’s holdings, making the stock its 17th largest holding.

A number of other hedge funds also recently modified their holdings of GDX. Ameriprise Financial Inc. lifted its position in VanEck Gold Miners ETF by 19.4% during the first quarter. Ameriprise Financial Inc. now owns 1,002,592 shares of the exchange traded fund’s stock worth $46,080,000 after purchasing an additional 163,016 shares during the period. Compound Planning Inc. raised its position in shares of VanEck Gold Miners ETF by 34.6% in the 1st quarter. Compound Planning Inc. now owns 11,853 shares of the exchange traded fund’s stock valued at $545,000 after buying an additional 3,049 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of VanEck Gold Miners ETF by 60.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 380,777 shares of the exchange traded fund’s stock worth $17,504,000 after acquiring an additional 143,316 shares during the period. SVB Wealth LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth approximately $106,000. Finally, Quantitative Investment Management LLC boosted its position in shares of VanEck Gold Miners ETF by 355.3% during the 1st quarter. Quantitative Investment Management LLC now owns 576,850 shares of the exchange traded fund’s stock worth $26,517,000 after acquiring an additional 450,143 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $87.79 on Friday. The firm has a 50 day simple moving average of $77.99 and a two-hundred day simple moving average of $66.34. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $88.69. The company has a market cap of $26.36 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.