Thrivent Financial for Lutherans Invests $3.79 Million in VanEck Gold Miners ETF $GDX

Thrivent Financial for Lutherans purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,176 shares of the exchange traded fund’s stock, valued at approximately $3,792,000.

A number of other institutional investors also recently made changes to their positions in GDX. AQR Capital Management LLC raised its holdings 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 acquiring an additional 12,408 shares during the last quarter. Invesco Ltd. acquired a new position in VanEck Gold Miners ETF in the second quarter valued at $31,236,000. Natixis increased its stake in VanEck Gold Miners ETF by 196.1% in the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock valued at $1,393,000 after purchasing an additional 17,716 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in VanEck Gold Miners ETF by 194.3% in the second quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock valued at $1,894,000 after purchasing an additional 24,022 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in VanEck Gold Miners ETF in the second quarter valued at $846,000.

VanEck Gold Miners ETF Trading Down 1.1%

VanEck Gold Miners ETF stock opened at $85.02 on Friday. The firm has a market capitalization of $26.19 billion, a P/E ratio of 21.70 and a beta of 0.61. The stock has a fifty day moving average price of $91.80 and a 200 day moving average price of $91.84. VanEck Gold Miners ETF has a 52 week low of $49.34 and a 52 week high of $117.18.

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.